NETGEAR Leads in Network-Attached Storage
Leading analyst firm’s report for 2010 reflects continued advances in global market share
SAN JOSE, Calif. – May 4, 2011 — NETGEAR®, Inc. (NASDAQGM: NTGR), a global networking company that delivers innovative products to consumers, businesses and service providers, today announced that Gartner, Inc., has ranked NETGEAR number one in global vendor revenue share during 2010 for NAS/unified storage systems priced under $5,000, number four for those systems under $25,000, and number eight for NAS/unified storage systems overall.
Gartner, the world's leading information technology research and advisory company, recently published their Market Share: Network-Attached Storage/Unified Storage Worldwide 2010 report. In 2010, NETGEAR took the lead in the $0 to $5,000 market segment, advanced two positions in the low-end (under $25,000) segment and moved up two positions in the total market. This report reflects NETGEAR's leadership in this global storage market, ranking it squarely in the company of the largest storage vendors.
"Worldwide vendor revenue for the low-end network-attached storage and unified storage market increased 18.4% in 2010 compared with 2009 to over $1.2 billion. The estimated low-end iSCSI SAN portion of the unified storage market grew 60% to $113 million," said Pushan Rinnen, Research Director in the Data Systems Group at Gartner and author of the report on NAS and unified storage market share. "The estimated pure NAS market grew 37.4% to $3.7 billion."
"As a growing financial institution we must deliver top-notch secure service to our customers with a fraction of the resources of our larger competitors," said Joshua Garcia, IT Manager for CheckSpring Bank, an innovative community bank developing groundbreaking services for under-banked New Yorkers. "NETGEAR's smart approach to IT contrasted strongly with our legacy storage vendor's proposal. We built a virtual infrastructure without sacrificing quality or hiring new staff, and paid half the price with added functionality. Big IT just isn't the answer for companies like ours."
"Global small to mid-sized customers are reducing costs by examining alternatives to traditional enterprise IT vendors. The economic recovery demands smart IT solutions that are reliable, affordable and simple," said Mark Song, Senior Product Line Manager at NETGEAR. "The cost and complexity promoted by large enterprise storage vendors is growing steadily less relevant to the mid-sized customers, and we are very pleased to have Gartner confirm our advances in the storage market."
To learn more about NETGEAR ReadyNAS storage, please visit http://www.netgear.com/business/products/storage/and http://www.readynas.com/.
About NETGEAR, Inc.
NETGEAR (NASDAQGM: NTGR) is a global networking company that delivers innovative products to consumers, businesses and service providers. For consumers, the company makes high performance, dependable and easy to use 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 top 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 28,000 retail locations around the globe, and through more than 37,000 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 athttp://twitter.com/NETGEAR and http://www.facebook.com/NETGEAR.
©2011 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 11 through 29, in the Company's annual report on Form 10-K for the fiscal year ended December 31, 2010, filed with the Securities and Exchange Commission on February 28, 2011. 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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