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AEP Networks Acquires Internet Security Company V-One
Acquiree Led Early SSL VPN Development
May. 23, 2005 07:00 PM
AEP Networks, which specializes in network and application access security, has entered into an agreement to acquire V-One Corporation, an Internet security pioneer and one of the earliest commercial vendors of application layer SSL VPN technology that provides secure access to enterprise applications and data. V-One's products are widely used across diverse U.S. governmental agencies, including the Departments of Defense, Homeland Security, Justice and Treasury, and are deployed in critical infrastructure companies from the financial service, healthcare, transportation and high-tech sectors.
combining V-One's extensive public-sector customer base, expertise and
select products with its own broad suite of secure networking
solutions, AEP Networks is poised to offer one of the most
comprehensive, cost-effective and secure solution portfolios available
to the fast-growing public-sector IT marketplace," according to AEP CEO Pat Donnellan. "This
strategic acquisition gives AEP Networks, virtually overnight, critical
mass in the important U.S. government market for secure networking
"U.S. federal and state agencies tasked with critical duties such as homeland security have comprehensive security requirements for information-sharing across disparate networks that many VPN products simply do not address. The V-ONE acquisition makes an excellent fit with our Secure Networking and Secure Application business," Donnellan said. "And as we expand our presence in the public sector, we're fortunate to have Margaret Grayson, one of the nation's top cybersecurity experts, at the helm of our new business."
The V-One business will now become the AEP Networks Government Solutions Group. Margaret E. Grayson, formerly V-One's president and CEO, will serve as executive vice president and general manager of the new Government Solutions Group, headquartered in Rockville , MD.
The new Government Solutions Group becomes AEP Networks' third division, joining the Secure Networking Business Unit, headed by Rob Lane and based in Hemel Hempstead, UK, and the Secure Application Access Business Unit, headed by Reggie Best and based in Somerset, NJ.
V-One's flagship product is SmartGate, an application-layer SSL VPN client/server software solution with multi-platform capability. V-ONE's intellectual property assets include eight patents in security protection technology and one patent pending. AEP Networks is assuming all V-ONE customer support obligations and is retaining its engineering, customer support, sales and marketing staff. Following a comprehensive review, AEP will determine how V-ONE products will be integrated with the other lines in its Secure Application Access Business Unit.
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