DAILY NEWS AND INFORMATION FOR THE GLOBAL GRID COMMUNITY /    ( Table of Contents )

Breaking News - Security:

Eicon Networks Acquires Shiva Business

Eicon Networks Corp, a global leader in providing reliable communication products for networked business applications, announced that it has acquired all of the shares of Mernet Secure Network Inc, the owner of the Shiva business.

"For over a decade the Shiva brand has represented the very best in secure remote access, delivering innovative, award-winning products that are secure, reliable and easy to use," stated Nick Jensen, president and CEO of Eicon. "We are confident that in the very short term Shiva customers will benefit from enhanced offerings of the existing Shiva LanRover products. Eicon will immediately set out to further improve the products by adding our exceptional customer friendly user interfaces and multilingual applications, documentation and support to service an international market."

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"Eicon believes that the acquisition will lead to significant revenue growth," said James Besley, Eicon's senior vice president of sales, marketing and support. "The Shiva range of VPN routers provides an immediate revenue stream from an active and growing number of customers. Combine this with Eicon's excellent route to market, and we can see a substantial opportunity. For the large installed base of existing Shiva customers, Eicon will introduce exciting new programs for cost savings, support and upgrades."

"We can also see significant synergies with existing Eicon products," said John Porter, director of marketing. "Users of our Eiconcard and Diva Server products are looking for enhanced, easy-to-deploy and easy-to-manage security solutions. We will use the Shiva engineering team and software to improve our industry leading product offerings."