Netgear acquires ReadyNAS maker Infrant

Networking hardware maker Netgear on Thursday announced that it has acquired Infrant Technologies, creators of the ReadyNAS line of network attached storage devices.

Netgear will pay $60 million in cash for Infrant under the terms of the deal; Infrant shareholders may also get up to $20 million in cash over the next three years if specific revenue goals are met. The acquisition is, of course, subject to customary closing conditions — the companies expect the transaction to be completed during the second calendar quarter of 2007. Paul Tien, Infrant’s president and CEO, will become a vice president and general manager at Netgear.

Infrant’s ReadyNAS systems utilized a Linux-based operating system and an expandable RAID technology called X-RAID. They support Mac OS X, Unix, Windows, Linux and are also Web and FTP accessible. Designed for small businesses and workgroups, the ReadyNAS systems come in a variety of sizes and capacities, and include built in media server capabilities.

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