Latest news with #NETGEARforBusiness
Business Wire
2 days ago
- Business
- Business Wire
NETGEAR Delivers on the Next Milestone of its Enterprise Vision with the Acquisition of Exium, Bringing Integrated Networking and Security to Small and Medium Enterprises
SAN JOSE, Calif.--(BUSINESS WIRE)--NETGEAR® Inc. (NASDAQ: NTGR), a global leader in intelligent networking solutions designed to power extraordinary experiences, today announced a definitive agreement to acquire Exium, a cybersecurity company, as part of its continuing investment in cloud-based solutions for advanced business connectivity. The acquisition builds on the company's goal of delivering next-gen networking solutions that provide simplicity, reliability, and cost-effectiveness to small and medium enterprises. Exium's products and expertise will help to add an integrated Secure Access Service Edge (SASE) platform to NETGEAR's robust network offering. This solution will offer the first, completely integrated, network and security solution, purpose built for MSPs and SMEs. According to Gartner, the SASE market is expected to grow at a 29% CAGR, reaching over $25 billion by 2027 as organizations increasingly prioritize cloud-based networking and security solutions. With the integration of Exium's platform and expertise, NETGEAR for Business will build an all-in-one, easy-to-use solution that includes wired and wireless networking as well as firewall and integrated security. 'AI has changed the threat landscape for small and medium enterprises as well as larger businesses, but the solutions for SMEs are often too difficult to implement or need to be cobbled onto the network and managed separately,' said Pramod Badjate, President and GM of NETGEAR for Business. 'By offering the Exium SASE solution with the goal of integrating it into our Insight cloud management platform, we'll be able to bring our customers a seamless, single-pane-of-glass solution that is easily deployed and managed by small IT teams or MSPs.' The Exium team brings deep expertise in building widely deployed networking and security solutions. The company's SASE solution was built with MSPs in mind to help onboard and serve their small and medium enterprise customers rapidly. Exium CEO Farooq Khan will continue to lead the Exium solution, joining the NETGEAR for Business leadership team. 'Exium was built from the ground up as a cybersecurity solution to help protect small and medium enterprises that lack a comprehensive solution for combatting cybersecurity threats,' said Khan. 'We share a similar vision with NETGEAR and are excited to be joining the team to build a fully integrated network and security solution specially tailored to serve the needs of these customers.' The closing of the transaction is subject to customary closing conditions and is expected to occur by the end of Q2 2025. About NETGEAR, Inc. Founded in 1996 and headquartered in the USA, NETGEAR® (NASDAQ: NTGR) is a global leader in innovative networking technologies for businesses, homes, and service providers. NETGEAR delivers a wide range of award-winning, intelligent solutions designed to unleash the full potential of connectivity and power extraordinary experiences. For businesses, NETGEAR offers reliable, easy-to-use, high-performance networking solutions, including switches, routers, access points, software, and AV over IP technologies, tailored to meet the diverse needs of small and medium enterprises. NETGEAR's consumer products deliver advanced connectivity, powerful performance, and enhanced security features right out of the box, designed to help keep families safe online, whether at home or on the go. More information is available from the NETGEAR Press Room or by calling +1 (408) 907-8000. Connect with NETGEAR on LinkedIn, Facebook, Instagram and the NETGEAR blog at ©2025 NETGEAR, Inc. NETGEAR, NETGEAR Insight and the NETGEAR logo are trademarks and/or registered trademarks of NETGEAR, Inc. and/or its affiliates in the United States and/or other countries. Other brand and product names are for identification purposes only and may be trademarks or registered trademarks of their respective holder(s). The information contained herein is subject to change without notice. NETGEAR shall not be liable for technical or editorial errors or omissions contained herein. All rights reserved. Source: NETGEAR-G
Techday NZ
05-05-2025
- Business
- Techday NZ
Netgear unveils new business strategy with AI & AV growth
NETGEAR has introduced a new strategy intended to address the rising requirement from small to medium businesses for seamless, scalable, and secure network connectivity. The company's revised approach for NETGEAR for Business aims to deliver next-generation networking products focused on simplicity, reliability, and cost-effectiveness, targeting small and medium-sized enterprises without compromising on its established record of expertise in networking technology. CJ Prober, Chief Executive Officer at NETGEAR, commented on the transformation, stating, "For nearly 30 years, NETGEAR has been the trusted force behind the world's most critical connections—powering businesses, ideas, and experiences across the globe. But the business world is evolving quickly and so are we. Networking is no longer just about being online; it's about leveraging that connection to drive innovation, collaboration and experiences." He added, "In this next era of NETGEAR we're stripping away complexity, removing friction, and reimagining what business networking can be so that our customers don't just keep up with change, they lead it." The change in NETGEAR's business vision is being led by Pramod Badjate, President and General Manager of NETGEAR for Business. Badjate, who joined the company nine months ago and has past experience in networking firms including Arista, Ruckus, and Cisco, is directing a shift in strategy that positions NETGEAR more prominently as a partner for small and medium businesses confronting increasingly digital operations. The company reported over 15% revenue growth in this segment last quarter and projects double-digit growth for 2025. Badjate is spearheading increased investment in product development and technological advancements. NETGEAR plans to accelerate research and development funding over the next three years to improve its portfolio for business customers. A primary element of the strategy includes the acquisition of VAAG Systems, a Chennai-based company specialising in embedded and cloud software. The acquisition will form the core of NETGEAR's new Software Development Centre in Chennai, bringing in a team with experience from Qualcomm, HP, Cisco, and MaxLinear. This team will focus on applying artificial intelligence to streamline networking tasks for small and medium enterprises. The company emphasised that every new initiative supports a clear goal: moving customers away from complex or fragmented networks lacking adequate support and avoiding unnecessarily expensive network systems with unused features. Badjate explained, "Current networking solutions don't meet the needs of small and medium enterprises. They're stuck with either complex, overpriced systems meant for larger companies or fragmented solutions that don't integrate well and lack proper support." He continued, "We're changing that, offering an integrated solution that is much easier to deploy and manage for MSPs and small IT departments alike. We acknowledge the criticality of networking for these businesses and do not compromise on reliability and support." NETGEAR also highlighted its work in AV-over-IP technology, pointing out the increased need for seamless video integration in modern workplaces. The company's AV division has established a partnership network exceeding 400 industry participants and provides a portfolio of preconfigured AV solutions and support services. Under Badjate's leadership, this segment intends to expand its portfolio for commercial, broadcast, and residential clients, furthering NETGEAR's position at the crossroads of AV and IT. Speaking about the AV business segment, Badjate said, "From concert halls and command & control centres to stadiums and boardrooms, NETGEAR AV powers the world's most impactful audio-visual experiences. There has never been a more exciting time to be a partner or customer of NETGEAR. We are delivering plug and play AV solutions that just work by deleting the complexity of an AV over IP network. Our partners, in turn, realise huge savings in labor costs compared to traditional solutions." NETGEAR stated that over the coming months it will introduce additional products, programmes, and partnerships, all with the aim of supporting its business customers with greater simplicity, AI-driven improvements, scalability, and technical support.
