moved to pad its storage
networking gear portfolio when it agreed to purchase Infrant Technologies for $60 million in cash.
The networking vendor wants privately held Infrant for its ReadyNAS
network attached storage (NAS)
(RAID) data protection for small businesses looking to sock away a lot of
data without breaking the bank.
The current Infrant product line includes ReadyNAS NV+, a four-bay desktop
device, and ReadyNAS 1100, a four-bay, rack-mount chassis system. ReadyNAS
systems include a proprietary network storage processor, Linux-based
RAIDiator operating system and X-RAID technology, which triggers automatic
RAID volume expansion as additional drives are added.
Netgear already offers storage networking hardware with SC101 Storage Central, a machine based on Zetera Corporation’s micro SAN
But while Storage Central stores home users’ photos, files and documents for
up to five PCs, CEO Patrick Lo told internetnews.com via e-mail that
Infrant’s ReadyNAS systems will scale from six to 50 computers, making them
ideal for SMBs.
Lo added that he and his team expect to use the Netgear brand, as well as
domestic and international supply-chain relationships and distributor base
to expand distribution for Infrant’s products.
By expanding from the home office to SMBs, Netgear is responding to a market
need that EMC
and several other vendors are
trying to address; SMBs might not be big companies, but they still might have
enterprise-class data needs to fill.
While the deal is a cash exchange for $60 million, Infrant shareholders may
receive a total additional payout of up to $20 million in cash over the
three years following closure of the buy if specific revenue targets are
The deal is expected to close in the second quarter, with Infrant President
and CEO Paul Tien joining Netgear as vice president and general manager for
storage products. Infrant’s 34 fulltime employees will also join Netgear.
Netgear Bids For More Storage Networking