Netgear acquires storage specialist Infrant

Networking products group Netgear has agreed to acquire Infrant Technologies, a specialist in network storage products, for USD 60 million cash. Founded in 2001, the privately-held Infrant targets entreprise-level products for small businesses and home users at affordable prices. Its ReadyNAS family of network attached storage products implements redundant array of independent disks data protection. The ReadyNAS lineup is powered by Infrant’s proprietary network storage processor, the Linux-based RAIDiator operating system and patent-pending Expandable Protection (X-RAID) technology. Netgear has agreed to pay an additional USD 20 million over the next three years if Infrant meets certain performance targets. Infrant’s CEO Paul Tien will become Netgear’s VP and general manager for storage products and its 34 staff will also join Netge.