NetScreen Technologies, Inc. announced that it agreed to acquire Neoteris, Inc., a maker of network security products that enable secure access to company files and messaging systems from home computers and remote offices, for $265 million in cash and NetScreen stock. As much as an additional $30 million in cash will be paid based upon the achievement of certain revenue milestones. The acquisition is subject to regulatory review and other customary closing conditions and is expected to close by the end of the year. Fenwick & West LLP represented its longtime client NetScreen in the transaction.
The Fenwick & West transaction team included: corporate attorneys Matt Quilter, Doug Cogen, Lynda Twomey, Horace Nash, Scott Leichtner, Katrin Robb, Melanie Grace, Brian Hicks, Jonathan Stueve and Khang Tran; technology transactions attorneys Stephen Gillespie and Catherine Manley; compensation and benefits attorneys Scott Spector, Valerie McInroy and Liza Morgan; tax partner Ron Schrotenboer and associate Eric Boyd; antitrust partner Mark Ostrau; trademark associate Karen Kitterman; and paralegals Jeannine Hensley and Stephen Gillen.
Neoteris was represented by Wilson Sonsini Goodrich and Rosati.
Press Inquiries should be directed to Matt Quilter at 650.335.7936.