NETGEAR today said that it has completed the acquisition of privately-held Infrant Technologies.
On May 2, 2007, NETGEAR executed a definitive agreement to acquire Infrant, a provider of networked attached storage products. With the completion of the acquisition, NETGEAR adds Infrant's team to focus on hardware, software and technology for networked storage devices under Paul Tien, former President and CEO of Infrant and NETGEAR's new Vice President and General Manager, Networked Storage Products.
NETGEAR today announced that it has agreed to purchase privately-held networked storage appliance maker Infrant Technologies.
Under the terms of the agreement, NETGEAR will pay $60 million in cash for Infrant. Infrant shareholders may receive a total additional payout of up to $20 million in cash over the three years following closure of the acquisition if specific revenue targets are reached.
The acquisition is subject to various standard closing conditions and is expected to close in the second quarter. Following completion of the transaction, Infrant's President and Chief Executive Officer Paul Tien will become NETGEAR's Vice President and General Manager for storage products.
Tim Higgins takes a quick look at Infrant's newest ReadyNAS family members and finds two nice, but only incrementally better RAID 5 NASes.
Infrant Technologies today announced a Network Attached Storage (NAS) product for the SMB market. The ReadyNAS 1100 is packaged in a compact 12" deep 1U chassis, enabling back-to-back mounting in a four-post data rack. Typical power consumption is 75 watts with four hard drives.
Other hardware features include dual gigabit Ethernet ports, full-hardware RAID (0, 1, 5, X-RAID), support for up to four hot-swappable SATA hard drives and sequenced hard drive power on to protect against "start-up surging."
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