- NETGEAR (NTGR, Financial) announces acquisition of cybersecurity firm Exium to enhance cloud-based solutions for SMEs.
- The acquisition integrates Exium's Secure Access Service Edge (SASE) platform into NETGEAR’s offerings.
- The deal is expected to close by Q2 2025, subject to customary conditions.
NETGEAR® Inc. (NTGR), a leading provider of networking solutions, has signed a definitive agreement to acquire Exium, a cybersecurity company, as part of its strategic investment in cloud-based networking and security solutions for small and medium enterprises (SMEs). The acquisition aims to integrate Exium's Secure Access Service Edge (SASE) platform into NETGEAR's existing offerings, providing an all-in-one solution that combines networking and security under a single management interface.
According to industry forecasts by Gartner, the SASE market is projected to grow at a compound annual growth rate of 29%, reaching over $25 billion by 2027. This growth is driven by the increasing priority organizations place on cloud-based networking and security solutions. By incorporating Exium's platform, NETGEAR for Business intends to offer a comprehensive solution that includes wired and wireless networking along with integrated security features, simplifying management for SMEs and managed service providers (MSPs).
Exium’s CEO, Farooq Khan, will continue to lead the Exium team, joining the NETGEAR for Business leadership group. Khan stated that the partnership with NETGEAR aligns with Exium’s vision to provide robust cybersecurity solutions to SMEs, which often lack comprehensive protection against evolving threats.
Pramod Badjate, President and GM of NETGEAR for Business, emphasized the importance of integrating Exium's solution into NETGEAR’s Insight cloud management platform to offer a seamless deployment and management experience. This integration is particularly focused on addressing the challenges faced by small IT teams or MSPs, providing a user-friendly interface and a unified solution to meet the increasing demands of the digital landscape.
The acquisition is set to conclude by the end of the second quarter of 2025, pending customary closing conditions.
