Enterprise-class SSL VPN vendor Whale Communications today announced a $1 million contract with Bank Leumi.
"We are proud that Bank Leumi, ranked 126th globally by 'The Banker', selected Whale's SSL VPN as its standard for remote access for their employees, customers and applications. This $1 million deal only illustrates further how mainstream SSL VPNs have become for enterprise remote access," Whale president Daniel Steiner said. "Our ability to be ahead of the market in terms of technology innovation is a result of our flexible technology. Our SSL VPN solution is built on an open software architecture which allows us to quickly meet changing market needs."
Whale further announced that Frost & Sullivan has ranked it second in SSL VPN market penetration ahead of Nokia, Nortel, Aventail and Netilla, citing technology developments leading to substantial customer wins.
"Whale has targeted their efforts to the large enterprise space, and developed many advanced endpoint security technologies. The company continues to ramp up development efforts quickly which has translated into some substantial customer wins," Frost & Sullivan Industry Analyst Jason Wright wrote in a report titled "World SSL VPN Products Market," for the first half of 2003.
"With Netscreen now acquiring Neoteris, Whale becomes the market leader among the pure play SSL VPN vendors," said Steiner. "Whale's leadership position is aligned with continuous major customer wins over the competition. We have done this by establishing ourselves as the best of breed SSL VPN, setting numerous industry standards that were later implemented by other vendors."
Whale was founded in 1998. Privately held, Whale is funded by prominent venture firms and industry leaders, including Goldman Sachs, Soros Private Equity Partners and the BRM Group, the founding investor of Check Point Software Technologies. The company is headquartered in Fort Lee, New Jersey and has international offices in Israel, the United Kingdom and Germany.
Some of Whale's Fortune 500 customers include: Loews, Mutual of Omaha, Yellow Technologies, Dominion Resources and Affiliated Computer Services (ACS).
Published by Globes [online] - www.globes.co.il - on October 9, 2003