Frost & Sullivan Names Neoteris Entrepreneurial Company of the Year

Business Wire, Jan 16, 2003

Business Editors/High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 16, 2003

Frost & Sullivan announced it has named Neoteris, Inc., a provider of instant virtual extranet (IVE) products, Network Security Entrepreneurial Company of the Year at last night's 2003 Excellence in Information and Communication Technology Award Banquet.

Held in Scottsdale, Arizona, the Frost & Sullivan banquet honored world-class companies for outstanding performance and achievements in the information and communication industry. An annual event, the banquet brings together industry leaders to discuss emerging trends, impacts of new technologies and to recognize the quality and achievements of individuals and companies.

As Network Security Entrepreneurial Company of the Year, Neoteris demonstrated superior entrepreneurial ability in the identification of a unique and revolutionary product solution with significant market potential. Neoteris has built effective technology and reseller partnerships, a strong customer base, and technology that uniquely meets the demand for secure, browser-based remote network access.

"We are pleased to accept the prestigious Entrepreneurial Company of the Year Award from Frost & Sullivan, a leading enterprise research firm," said Neoteris President and CEO Krishna "Kittu" Kolluri. "Since our beginning Neoteris has pioneered a vision of leveraging the Internet to allow ubiquitous secure access to enterprise resources. The industry's embrace of this vision over the last year validates our efforts. Neoteris will continue to lead the industry in realizing this mission through technical innovation, and superior security and functionality."

"Even in the midst of an extremely challenging economic environment, Neoteris has built an efficient solution to a critical need of provisioning cost-effective secure access, gaining significant traction in the network security space," asserts Jason Wright, Security Technologies Industry Analyst for Frost & Sullivan. Wright adds, "Neoteris has effectively established distribution channels, key partnerships, and successfully rolled out solutions to numerous large customers within the last year."

About Neoteris, Inc.

Neoteris, Inc., is the industry leader in the instant virtual extranet (IVE) category of products, delivering revolutionary security appliances that enable instant secure access to network information from any Internet Web browser for employees, customers and corporate partners. Founded in May 2000, Neoteris is a privately held company backed by Jim Clark, New Enterprise Associates, The Barksdale Group and individual investors. The company is headquartered in Mountain View, Calif., and has international offices in London and Hyderabad, India. Go to http://www.neoteris.com for more information.

About Frost & Sullivan

Founded in 1961, Frost & Sullivan is recognized as a global leader in strategic market training and growth consulting. Frost & Sullivan presents Market Engineering Awards to companies that demonstrate excellence in their industry, commending the diligence, commitment, and innovative business strategies required to advance in the global marketplace. Frost & Sullivan rigorously analyzes specific criteria to determine Market Engineering Award recipients in a vast variety of market industries and landscapes. For further information, visit www.frost.com.