NETGEAR CAPTURES #1 POSITION IN WEB-MANAGED ETHERNET SWITCHING
Leading analyst firm IHS Infonetics ranks NETGEAR in top spot for worldwide market share in web-managed fixed configuration Ethernet switches
SAN JOSE, Calif. — July 13, 2015 — NETGEAR®, Inc. (NASDAQ: NTGR) (www.netgear.com), a global networking company that delivers innovative products to businesses, consumers, and service providers, has achieved the top position in worldwide market share for web-managed fixed configuration Ethernet switching. According to IHS Infonetics Ethernet Switches Market Share and Forecasts, 1Q15 Edition, June 2015, NETGEAR surpassed long-time leader HP for the first time in this switching category since HP’s acquisition of 3Com.
Matthias Machowinski, research director for enterprise networking at IHS Infonetics (www.infonetics.com), ranked vendors in terms of ports shipped worldwide, with NETGEAR capturing nearly 29 percent of market share.
“Buyers are shifting toward switches with advanced capabilities, such as enhanced management, PoE, and higher speeds, to accommodate increasing demands on networks,” said Machowinski. “In the SMB market, this is creating a shift from unmanaged to web-managed switches. As a well-known brand with an extensive smart switch portfolio, NETGEAR is well positioned to take advantage of these shifts.”
“We’ve led the industry in terms of revenue on web-managed switches for some time, but now we’ve been able to fight back to a #1 position for ports as well. Considering our entrenched competition, it’s quite a coup,” said Patrick Lo, CEO and co-founder of NETGEAR. “We attribute our success to ongoing innovation across our entire switching portfolio of ProSAFE® switches — such as groundbreaking PoE chassis switches, fully 10 Gigabit Ethernet web-managed switches and revolutionary form-factor Click Switches. This relentless drive to deliver high-performance features and ease-of-use has enabled NETGEAR to supply organizations of all sizes. Our customers know that as they grow, our switching solutions scale with them and offer unequaled value.”
Go to www.netgear.com/business/products/switches/ to learn more about the full range of NETGEAR ProSAFE Fully Managed, Smart, Plus, Unmanaged and Click Switches for businesses, government agencies, educational facilities and other networks.
NETGEAR ProSAFE business products provide world-class reliability and are backed by the industry-leading ProSAFE Lifetime Hardware Warranty, Lifetime Next Business Day Shipping for part replacement, and 24x7 Lifetime Technical Support.*
About NETGEAR, Inc.
NETGEAR (NASDAQ: NTGR) is a global networking company that delivers innovative products to consumers, businesses and service providers. The Company's products are built on a variety of proven technologies such as wireless, Ethernet and powerline, with a focus on reliability and ease-of-use. The product line consists of wired and wireless devices that enable networking, broadband access and network connectivity. These products are available in multiple configurations to address the needs of the end-users in each geographic region in which the Company's products are sold. NETGEAR products are sold in approximately 44,000 retail locations around the globe, and through approximately 33,000 value-added resellers. The company's headquarters are in San Jose, Calif., with additional offices in approximately 25 countries. More information is available at http://investor.netgear.com or by calling (408) 907-8000. Connect with NETGEAR at www.twitter.com/NETGEAR and www.facebook.com/NETGEAR.
©2015 NETGEAR, Inc. NETGEAR, the NETGEAR logo, and ProSAFE are trademarks and/or registered trademarks of NETGEAR, Inc. and/or its affiliates in the United States and/or other countries. Other brand and product names are for identification purposes only and may be trademarks or registered trademarks of their respective holder(s). The information contained herein is subject to change without notice. NETGEAR shall not be liable for technical or editorial errors or omissions contained herein. All rights reserved.
* Lifetime Technical Support is provided via free phone support for first 90 days, and via free online chat thereafter. Next Business Day Shipping may not be available in all localities worldwide. Customer should consult their local NETGEAR representative for applicable support services. For more information, see www.netgear.com/business/documents/prosafe-lifetime-warranty/default.aspx .
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. 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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