NETGEAR® Completes Acquisition of Infrant
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Press release date: May 17, 2007
SANTA CLARA, Calif., May 17 / -- NETGEAR, Inc. (NASDAQ:NTGR), a worldwide provider of technologically advanced, branded networking products, today announced that it has completed the acquisition of privately-held Infrant Technologies, Inc. of Fremont, California.
On May 2, 2007, NETGEAR executed a definitive agreement to acquire Infrant, a provider of networked attached storage products that enable users to store and protect critical data. This acquisition of Infrant's ReadyNAS(TM) product family and product pipeline, together with NETGEAR's existing SC101 Storage Central products, allows NETGEAR to offer a full lineup of feature-rich, scalable and cost-effective storage solutions for small business, professional and home customers.
With the completion of the acquisition, NETGEAR adds Infrant's seasoned team to focus on hardware, software and technology for networked storage devices under Paul Tien, former President and CEO of Infrant and NETGEAR's new Vice President and General Manager, Networked Storage Products.
About NETGEAR, Inc. NETGEAR (NASDAQ:NTGR) designs technologically advanced, branded networking products that address the specific needs of small and medium business and home users. The Company's product offerings enable users to share Internet access, peripherals, files, digital multimedia content and applications among multiple personal computers and other Internet-enabled devices. NETGEAR is headquartered in Santa Clara, Calif. For more information, visit the company's Web site at www.netgear.com or call (408) 907-8000.
CONTACT:Doug Hagan, Director, Corporate Marketing, NETGEAR, Inc., +1-408-907-8053, or email@example.com, or David Pasquale, Executive +Vice President, Investor Relations, The Ruth Group, +1-646-536-7006, or firstname.lastname@example.org, for NETGEAR, Inc.
Source: NETGEAR, Inc.
Web site: http://www.netgear.com/