NETGEAR purchases Infrant Technologies for $60 million

DUBAI — NETGEAR, a worldwide provider of technologically advanced, branded networking products, has announced its acquisition of Infrant Technologies, Inc, a US-based manufacturer of enterprise-level storage products, for $60 million.

By A Staff Reporter

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Published: Fri 6 Jul 2007, 10:03 AM

Last updated: Sat 4 Apr 2015, 10:15 PM

The purchase enables NETGEAR to offer small and medium-scale business, SOHOs (small office/home office) and home consumers a complete line-up of cost-effective storage solutions with network-attached storage (NAS) devices from Infrant Technologies in addition to its previous SC101 Storage Central range. The acquisition represents a strategic move for NETGEAR as market experts forecast a 30-40 per cent growth for NAS in the Middle East markets next year.

NETGEAR is poised to leverage the award-winning ReadyNASTM range from Infrant Technologies in addition to various products in the pipeline, proprietary technologies and pending patents in line with the company's long-term corporate goals. NETGEAR has also formed a team for software, hardware and technology for storage devices.

"Infrant Technologies was a natural choice for our acquisition strategies, as we share stringent quality standards for products and processes, and highly value technological innovation and customer service excellence. We firmly believe that by leveraging our brand name, supply chain and distribution networks, we will be able to benefit from the regional market, which has always been receptive to technological innovations and based on research is quite ready for our new NAS offerings," said Ahmad Zeidan, channel sales manager, NETGEAR Middle East.

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