NETGEAR Named a Worldwide Leader for SMB Storage by Revenue
Leading Analyst Firm Ranks NETGEAR Amongst Top Revenue-Generating Storage Vendors and First Amongst Providers of Low-Cost Storage Solutions
SAN JOSE, Calif. — June 8, 2009 — NETGEAR®, Inc. (NASDAQGM: NTGR), a worldwide provider of technologically innovative, branded networking solutions, today announced that Gartner® has confirmed that NETGEAR is now the worldwide leader in sub-$5,000 business Network-Attached Storage (NAS) systems and that it ranks among the top six vendors in the overall business NAS market. Gartner’s April 2009 report, “Market Share: Network Attached Storage/Unified Storage, Worldwide, 2009” details this market leadership as part of an examination of total revenues and units shipped in 2008. This evaluation places NETGEAR among the leaders in the industry.
“NETGEAR is proud to announce our rankings in this report. We believe Gartner’s evaluation represents our strong presence and robust growth in the storage market,” said Drew Meyer, NETGEAR’s director of storage product marketing. “More importantly, we feel this report recognizes the strength and quality of the ReadyNAS® line of storage appliances. NETGEAR is fully committed to delivering our SMB customers and channel partners the most advanced and reliable storage platforms in the industry.”
In the report, Gartner compared NAS/unified storage solution vendors’ end-of-year results from 2008 to those of 2007 and found that NETGEAR consistently ranked highly. For vendors with solutions priced at less than $5,000, Gartner estimated that NETGEAR had taken 23 percent of the market share in terms of vendor revenue. Amongst vendors with solutions priced at less than $25,000, NETGEAR was ranked third in vendor revenue, delivering a revenue growth rate in excess of 127 percent. Finally, NETGEAR proved its high standing by outpacing traditionally strong storage competitors when comparing revenues across all major NAS vendors.
NETGEAR’s ReadyNAS products have received high acclaim since their introduction to the market – winning such esteemed awards as CRN’s 2008 “Best Product of the Year” for storage and Small Business Computing’s 2009 “Excellence in Technology” award for network-attached storage, as chosen by readers. NETGEAR’s ReadyNAS appliances come with full 24/7 technical support and an industry-leading five-year warranty. In addition, a free 30-day trial of the ReadyNAS Vault Internet backup service is available now on all ReadyNAS systems, with both monthly and annual capacity-based pricing plans available. More information for the entire ReadyNAS product line can be viewed at http://www.readynas.com.
About NETGEAR, Inc.
NETGEAR (NASDAQGM: NTGR) designs innovative, branded technology solutions that address the specific networking, storage, and security needs of Small- to Medium-sized Businesses (SMBs) and home users. The company offers an end-to-end networking product portfolio to enable users to share Internet access, peripherals, files, multimedia content, and applications among multiple computers and other Internet-enabled devices. Products are built on a variety of proven technologies such as wireless, Ethernet and powerline, with a focus on reliability and ease-of-use. NETGEAR products are sold in over 29,000 retail locations around the globe, and via more than 41,000 value-added resellers. The company’s headquarters are in San Jose, Calif., with additional offices in 25 countries. NETGEAR is an ENERGY STAR® partner. More information is available by visiting www.netgear.com or calling (408) 907-8000.
© 2009 NETGEAR, Inc. NETGEAR, the NETGEAR logo, ReadyNAS and ReadyNAS Vault are trademarks or registered trademarks of NETGEAR, Inc. in the United States and/or other countries. Other brand and product names are trademarks or registered trademarks of their respective holders. Information is subject to change without notice. All rights reserved.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for NETGEAR, Inc.:
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, statements concerning the expected performance characteristics, specifications, market acceptance, market growth, specific uses, user feedback and market position of NETGEAR’s products and technology are forward-looking statements within the meaning of the Safe Harbor. These statements are based on management’s current expectations and are subject to certain risks and uncertainties, including, without limitation, the following: the actual price, performance and ease of use of NETGEAR’s products may not meet the price, performance and ease of use requirements of customers; product performance may be adversely affected by real world operating conditions; failure of products may under certain circumstances cause permanent loss of end user data; new viruses or Internet threats may develop that challenge the effectiveness of security features in NETGEAR’s products; the ability of NETGEAR to market and sell its products and technology; the impact and pricing of competing products; and the introduction of alternative technological solutions. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company’s periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled “Part II - Item 1A. Risk Factors,” pages 29 through 43, in the Company’s quarterly report on Form 10-Q for the fiscal first quarter ended March 29, 2009, filed with the Securities and Exchange Commission on May 7, 2009. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Media Contact:
Jay Nichols
Sterling Communications
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