NETGEAR Rolls Out Three Hybrid Cloud Firsts
Provides Business Users Access to the Cloud but Keeps Their Feet on the Ground
SAN JOSE, Calif. – October 14, 2010 — NETGEAR®, Inc.(NASDAQGM: NTGR), a global networking company that delivers innovative products to consumers, businesses and Internet service providers, today announced three unique hybrid cloud storage services for business customers. First, NETGEAR’s rackmount ReadyNAS® storage platforms now include up to 100GB of online archive capacity. Secondly, business-class ReadyNAS storage platforms now support a cloud file server option that seamlessly shares files between local and offsite users. And finally, the company is delivering portals that simplify service billing and management for channel partners.
Typical storage cloud service models force customers to choose between on-premise and outsourced locations. NETGEAR’s hybrid models deliver pay-on-demand services while still preserving data onsite. This best of both worlds approach to cloud services delivers flexibility and cost savings while keeping primary data in-house and under control.
“NETGEAR’s hybrid cloud services get businesses of all sizes into hosted architectures,” said Mark Song, Product Line Manager for storage at NETGEAR. “The hybrid model enables IT departments to smooth budget cycles and improve service levels with minimal risk. Our channel partners can now deliver these managed services without their own investment in storage capacity or cloud infrastructure.”
“Cloud services are transforming the way smart IT departments manage their infrastructures. Many companies are interested in the cost savings associated with cloud computing but hesitate to completely commit their data to an online provider model,” Benjamin S. Woo, program vice president, worldwide storage systems research at IDC. “Hybrid cloud service models are a novel approach to mixing the trust level of local storage with the benefits of cloud services, thus helping businesses take a low-risk, simple and cost effective approach to IT.”
“We are very interested in the NETGEAR hybrid cloud file sharing solution as a means to realize our consolidated collaboration strategy in a cost effective way,” said Michael Abowd, Director of Information Technology at ROKU. “The solution will offer us the ability to provide a single, secure, and centralized file sharing location across our dispersed organization, both internally and externally without adding complexity to our environment. And the ReadyNAS Vault option will provide the resiliency we need to recover from anywhere with an Internet connection.”
ReadyNAS Vault was the industry’s first embedded online archive offering and today’s announcement furthers NETGEAR’s leadership position. ReadyNAS platforms now include capacity for hybrid archive and disaster recovery. Business-class systems include up to 100GB for 12 months and the ReadyNAS Ultra family includes up to 2GB for 24 months. Overage pricing currently starts at $.40/GB.
Hybrid file sharing is delivered on all business-class ReadyNAS systems through Egnyte’s Office Local Cloud service. This solution combines the fast performance of local storage with the simplicity of cloud access for remote and mobile workers. The Egnyte service runs directly on the ReadyNAS and plans start under $70/month.
New web portals for both ReadyNAS Vault and the Egnyte Office Local Cloud give partners a single Web-based interface where they can maintain locations and monitor accounts. These new hybrid cloud services enable NETGEAR partners as managed service providers without private cloud investment.
For more information on ReadyNAS Vault, please visit: https://vault.readynas.com
For more information on NETGEAR’s hybrid file server, please visit:http://egnyte.com/corp/netgear/index.html
About NETGEAR, Inc.
NETGEAR (NASDAQGM: NTGR) is a global networking company that delivers innovative products to consumers, businesses and Internet service providers. For consumers, the company makes high performance, dependable and easy home networking, storage and digital media products to connect people with the Internet and their content and devices. For businesses, NETGEAR provides networking, storage and security solutions without the cost and complexity of Big IT. The company also supplies all of the top Internet service providers with retail proven, whole home solutions for their customers. NETGEAR 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 27,000 retail locations around the globe, and though more than 36,000 value-added resellers. The company's headquarters are in San Jose, Calif., with additional offices in 25 countries. More information is available at http://www.NETGEAR.com or by calling (408) 907-8000. Connect with NETGEAR at http://twitter.com/NETGEAR and http://www.facebook.com/NETGEAR.
©2010 NETGEAR, Inc. NETGEAR, the NETGEAR logo, and ReadyNAS 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 NETGEAR's business and the expected performance characteristics, specifications, reliability, 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 36 through 52, in the Company's quarterly report on Form 10-Q for the fiscal second quarter ended June 27, 2010, filed with the Securities and Exchange Commission on August 5, 2010. 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.
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