Netgear acquires Bengaluru-based cybersecurity startup Exium
managed service providers
(MSPs) and their customers.
CEO Farooq Khan will continue to lead the Exium team and will join the Netgear leadership.
"Exium is a small team based in Bengaluru. The purpose of acquiring this startup was to have integrated solutions for
small and medium enterprises
,"
Pramod Badjate
, president and general manager of Netgear for Business products, told ET.
The startup has a secure access service edge (SASE) platform, a security solution deployed in multiple universities across India.
This comes a month after Netgear acquired
Chennai-based VAAG Systems
to boost its in-sourcing of software development capabilities. The acquired company's executive team, research and development (R&D) specialists and engineers are to subsequently join Netgear and drive its software development centre in Chennai.
Badjate said the company will hire more than 100 engineers to bulk up its teams over the next 12-18 months. These include its team at the new centre in Chennai and the Exium team. He said Netgear may also broaden its footprint in Bengaluru.
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Netgear specifically targets small and medium enterprises (SMEs). "If you're a small or medium enterprise with less than 500 employees and no IT department, you need wifi and routing etc. but that is not enough; you need security as well," Badjate said.
The company is also using AI and cloud technologies to automate network setup, troubleshooting and security, helping SMEs scale faster and enhance productivity. "With AI, there will be a huge improvement in productivity. So, software engineers will not be relevant in the same way as they were before. A lot of the grunt work will be automated, but creative work on how to use AI will be around for a long time," he said.
Founded in 1996, Netgear is a Nasdaq-listed company valued at $868 million. In the quarter ended March 2025, it reported a net revenue of $162.1 million, down 1.5% from a year ago.
The company had announced in May last year that it was exploring the possibility of establishing manufacturing facilities in India. Badjate said no timeline is fixed, but an announcement regarding this can be expected in the coming months.
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