Leading Analyst Firm Ranks NETGEAR Amongst Top Revenue- Generating Storage Vendors and First Amongst Providers of Low-Cost Storage Solutions

NETGEAR(R), Inc. (Nasdaq: NTGR), a worldwide provider of technologically innovative, branded networking solutions, today announced that Gartner(R) has confirmed that NETGEAR is now the worldwide leader in sub-$5,000 business Network-Attached Storage (NAS) systems and that it ranks among the top six vendors in the overall business NAS market. Gartner’s April 2009 report, "Market Share: Network Attached Storage/Unified Storage, Worldwide, 2009" details this market leadership as part of an examination of total revenues and units shipped in 2008. This evaluation places NETGEAR among the leaders in the industry.

"NETGEAR is proud to announce our rankings in this report. We believe Gartner’s evaluation represents our strong presence and robust growth in the storage market," said Drew Meyer, NETGEAR’s director of storage product marketing. "More importantly, we feel this report recognizes the strength and quality of the ReadyNAS(R) line of storage appliances. NETGEAR is fully committed to delivering our SMB customers and channel partners the most advanced and reliable storage platforms in the industry."

In the report, Gartner compared NAS/unified storage solution vendors’ end-of-year results from 2008 to those of 2007 and found that NETGEAR consistently ranked highly. For vendors with solutions priced at less than $5,000, Gartner estimated that NETGEAR had taken 23 percent of the market share in terms of vendor revenue. Amongst vendors with solutions priced at less than $25,000, NETGEAR was ranked third in vendor revenue, delivering a revenue growth rate in excess of 127 percent. Finally, NETGEAR proved its high standing by outpacing traditionally strong storage competitors when comparing revenues across all major NAS vendors.

NETGEAR’s ReadyNAS products have received high acclaim since their introduction to the market - winning such esteemed awards as CRN’s 2008 "Best Product of the Year" for storage and Small Business Computing’s 2009 "Excellence in Technology" award for network- attached storage, as chosen by readers. NETGEAR’s ReadyNAS appliances come with full 24/7 technical support and an industry- leading five-year warranty. In addition, a free 30-day trial of the ReadyNAS Vault Internet backup service is available now on all ReadyNAS systems, with both monthly and annual capacity-based pricing plans available. More information for the entire ReadyNAS product line can be viewed at http://www.readynas.com.

About Netgear

Netgear makes a variety of wireless and wireline products, including the award-winning ReadyNAS product.

Source: PRNewswire