Tech Industry

Short Take: Shiva acquires Isolation Systems

Shiva, a provider of remote access solutions, announced that it will acquire privately held Isolation Systems, a Toronto-based developer of virtual private network (VPN) hardware and software, for $37 million in cash. Shiva will take a first-quarter charge for the acquisition, expected to be completed by March 31. Isolation's VPN technology will allow Shiva to deliver an integrated remote access system under one management platform.

Shiva, a provider of remote access solutions, announced that it will acquire privately held Isolation Systems, a Toronto-based developer of virtual private network (VPN) hardware and software, for $37 million in cash. Shiva will take a first-quarter charge for the acquisition, expected to be completed by March 31. Isolation's VPN technology will allow Shiva to deliver an integrated remote access system under one management platform.