NetScreen Acquires OneSecure

NetScreen Technologies OneSecure

NetScreen, a maker of integrated security appliances, said it acquired OneSecure for $40.3 million in its stock and the assumption of OneSecure's outstanding options.

The acquisition allows NetScreen to enter the intrusion-detection system market and adds an intrusion-prevention appliance to its portfolio, the company said. NetScreen also said it plans to integrate OneSecure's technology into its existing security appliances and management software.

NetScreen's ASIC-based appliances currently include firewall and VPN capabilities.

"We looked at more than a dozen companies in the intrusion-detection and prevention markets. After extensive analysis, we determined that OneSecure had the best fit of products, people and technology to enable NetScreen to drive the transition from intrusion detection to intrusion prevention," NetScreen CEO Robert Thomas said in a prepared statement.

Under the agreement, NetScreen, based here, has the option to substitute cash for part of the stock consideration. OneSecure also is based here.