NETGEAR Delivers on the Next Milestone of its Enterprise Vision with the Acquisition of Exium
NETGEAR Inc., a
global leader in intelligent networking solutions designed to power extraordinary
experiences, announced a definitive agreement to acquire Exium, a cybersecurity
company, as part of its continuing investment in cloud-based solutions for
advanced business connectivity.
The acquisition
builds on the company’s goal of delivering next-gen networking solutions that
provide simplicity, reliability, and cost-effectiveness to small and medium
enterprises. Exium’s products and expertise will help to add an integrated
Secure Access Service Edge (SASE) platform to NETGEAR’s robust network
offering. This solution will offer the first, completely integrated, network
and security solution, purpose built for MSPs and SMEs.
According to
Gartner, the SASE market is expected to grow at a 29% CAGR, reaching over $25
billion by 2027 as organizations increasingly prioritize cloud-based networking
and security solutions. With the integration of Exium’s platform and expertise,
NETGEAR for Business will build an all-in-one, easy-to-use solution that
includes wired and wireless networking as well as firewall and integrated
security.
“AI has changed the
threat landscape for small and medium enterprises as well as larger businesses,
but the solutions for SMEs are often too difficult to implement or need to be
cobbled onto the network and managed separately,” said Pramod Badjate,
President and GM of NETGEAR for Business. “By offering the Exium SASE solution
with the goal of integrating it into our Insight cloud management platform,
we’ll be able to bring our customers a seamless, single-pane-of-glass solution
that is easily deployed and managed by small IT teams or MSPs.”
The Exium team
brings deep expertise in building widely deployed networking and security
solutions. The company’s SASE solution was built with MSPs in mind to help
onboard and serve their small and medium enterprise customers rapidly. Exium
CEO Farooq Khan will continue to lead the Exium solution, joining the NETGEAR
for Business leadership team.
“Exium was built
from the ground up as a cybersecurity solution to help protect small and medium
enterprises that lack a comprehensive solution for combatting cybersecurity threats,”
said Khan. “We share a similar vision with NETGEAR and are excited to be
joining the team to build a fully integrated network and security solution
specially tailored to serve the needs of these customers.”
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