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Netgear acquires Infrant to boost storage offerings
Hot on the heels of yet another big time acquisition between Philips and DLO comes news that Netgear will be snapping up the privately-held Infrant Technologies for a cool $60 million in cash. All 34 employees will soon be wearing Netgear badges, and Infrant's CEO will move over and become Netgear's Vice President and General Manager for storage products. Essentially, Netgear is hoping that this move will strengthen the firm's presence in the enterprise and small-business storage realm, as it can now offer up a trusted name in RAID-based NAS products for SMB, SOHO, and the home. More specifically, the ReadyNAS, RAIDiator, and X-RAID portfolios were the targets of Netgear's desire, and while details on branding and the timeframe for the merge weren't noted, it sounds like Netgear's ready to get this party started on the double.[Thanks, Matt]
