Neoteris Earns Entrepreneurial Company of the Year Award Firm demonstrated “superior entrepreneurial ability in identifying a unique and revolutionary product solution with significant market potential.”
Neoteris, a provider of instant virtual extranet (IVE) products, announced it has been named the 2002 Network Security Entrepreneurial Company of the Year by industry analyst firm Frost & Sullivan.
According to Frost & Sullivan, "Neoteris has earned the Network Security Entrepreneurial Company of the Year Award by demonstrating superior entrepreneurial ability in identifying a unique and revolutionary product solution with significant market potential. Neoteris has built a strong customer base and effective technology and reseller partnerships. Its IVE technology uniquely meets today's demands for secure, browser-based remote network access."
"Even in the midst of an extremely challenging economic environment, Neoteris has built an efficient solution to address the critical need of provisioning cost-effective secure access, gaining significant traction in the network security space," said Jason Wright, security technologies analyst for Frost & Sullivan. "Neoteris has effectively established distribution channels and key partnerships, and successfully rolled out solutions to numerous large customers within the past year."
Neoteris has secured 150 enterprise customers since introducing the IVE product category to the market in November 2001, despite the broader technology industry recession. It has acquired a growing list of some of the largest enterprise customers from a variety of industries that are realizing significant cost-saving benefits from the IVE secure access platform. Of its 150 customers, 25 percent are Fortune 1000 or Global 500 companies, including five of the top 25 global financial institutions. Cutting-edge hospitals and healthcare organizations are using Neoteris' IVE to assist with Health Insurance Portability and Accountability Act (HIPAA) compliance, and state and local government organizations have found Neoteris' solution aids in compliance with federal statutes and initiatives, as well as the shift toward e-Government.
For more information, visit www.neoteris.com or www.frost.com.