Neoteris Nets $17.5M Series C Round

In 1994, Netscape developed a networking protocol to enable authenticated and encrypted communication between Web browsers and Web servers, no matter what type of Internet application was being used. Nearly a decade later, this secure socket layer (SSL) technology has been adopted by a Mountain View, Calif.-based company that wants to add some flexible tread to the well-worn wheel of virtual private networks (VPNs).

“VPNs make great sense for corporate intranets, but not for remote access,” says Jason Wright, a security technology analyst with Frost & Sullivan. “You can use a remote access server, but they are hard to maintain and come with lots of dial-up expenses. Rolling out this SSL stuff will make remote access easier, and will really serve as an improvement to the original improvement of VPNs.”

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