SAN JOSE, Calif., April 9, 2012 /PRNewswire/ -- 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 the number one vendor in NAS (network attached storage)/unified storage system units. NETGEAR sold more units worldwide than any other vendor. In addition, in terms of revenue, NETGEAR is ranked number one for NAS/unified storage systems under $5,000, number three for systems under $25,000, and number six overall.
Gartner, the world's leading information technology research and advisory company, recently published their Market Share: Network-Attached Storage/Unified Storage Worldwide 2011 report on March 14, 2012. The results place NETGEAR alongside the largest traditional enterprise storage vendors. NETGEAR moved up two positions to become the sixth largest overall NAS vendor in worldwide revenue, advanced one position to number three in < $25,000 segment revenue and maintained its revenue leadership position in the $5,000 or less market segment. In addition, Gartner reports that NETGEAR's revenue growth rate was more than double the market average in the < $25,000 unified storage segment and nearly twice the overall iSCSI market average. These results further confirm customer preference for reliable, affordable and simple offerings over traditionally expensive and complex solutions.
"We're a growing small business that has experienced a disaster recovery first hand," said John Wages, owner of a Sir Speedy printing franchise. "No one should go through an event like what our family and our business did when a fire hit the office. It's just not realistic for us to purchase expensive and complicated offerings from larger storage vendors, but our data is still critical to our livelihood. We're very glad we chose NETGEAR."
"Last year alone over 100,000 businesses selected NETGEAR storage solutions, choosing NETGEAR more often than any other NAS vendor in the world," said Drew Meyer, senior director of product line management at NETGEAR. "It's clear that traditional enterprise storage vendors are not aligned with the needs of customers and channel partners evaluating solutions in the entry-level unified storage segment. We are very pleased to have Gartner's confirmation of our market leadership."
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 approximately 29,000 retail locations around the globe, and through approximately 36,000 value-added resellers. The company's headquarters are in San Jose, Calif., with additional offices in 25 countries. NETGEAR is an ENERGY STAR® partner. 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.
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 I - Item 1A. Risk Factors," pages 11 through 33, in the Company's annual report on Form 10-K for the fiscal year ended December 31, 2011, filed with the Securities and Exchange Commission on February 29, 2012. 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.