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NetScaler Founder's Start-Up NeoAccel Raises $1M Series A2

 

San Jose, February 2, 2006 -- NeoAccel Inc., an Internet-security software provider started by the founder of NetScaler, Inc., has raised roughly $1 million in Series A2 equity.

Investors are NTT Leasing and Silicon Valley individuals including Hotmail founder Sabeer Bhatia and inventor Prabhu Goel. NeoAccel is raising a larger round in 2006, Vice President of Marketing and Sales Peter Hertan said.

The company was founded in 2004 by Michel Susai, whose application networking company, NetScaler, was acquired last year by Citrix Systems for more than $300 million.

San Jose-based NeoAccel received an A1 round from Susai's Indian software outsourcing company Node Infotech, Hertan said.

NeoAccel's network security software, SSL VPN-Plus, sits in the gateway of a branch office or a small to medium-sized business network, securing remote access. It can also be used for wireless connection on corporate campuses, and can provide access to all IP-based applications.

The investment will be used for marketing and sales and to boost operations of its network security software platform.

NeoAccel had its first real customers in 2005, which were networking and security equipment OEMs, which in turn sell to enterprise customers.

About NeoAccel
With the vision to "Secure Everything™" through secure access from anywhere to anything, NeoAccel is delivering a breakthrough in simplified, full-access SSL VPN technology. NeoAccel’s SSL VPN-Plus™ enables more businesses to implement highly secure, scalable access with the native network performance of IPSec VPNs. NeoAccel was founded by Michel Susai, the founder and former chairman and CEO of NetScaler where he invented and pioneered the patented Request Switching technology that accelerates application delivery to handle the bulk of today’s commercial Internet Web traffic. Powered by the company’s patent-pending Intelligent Connection Acceleration Architecture™ (ICAA™) technology, NeoAccel’s SSL VPN-Plus software platform overcomes the limitations that compel network managers and users to resort to cumbersome or insecure workarounds when faced with using conventional performance-limited Web security mechanisms. NeoAccel is headquartered in the Silicon Valley. Contact NeoAccel at www.neoaccel.com or info@neoaccel.com.

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NeoAccel, SSL VPN-Plus, Intelligent Connection Acceleration Architecture, ICAA and Secure Everything are trademarks of NeoAccel, Inc. All other names are or may be trademarks of their respective owners.

Contact Information:
Michael Schoolnik
Story PR
415.674.3816
michael@storypr.com

Frank Guerrero
NeoAccel
408.274.8000
frank.guerrero@neoaccel.com