Netgear paid $60 million for Infrant

By Stephen Silver

The California-based storage technology firm Infrant Technologies was purchased by networking stalwart Netgear, the companies announced Thursday. The deal is for $60 million in cash, plus the possibility of an additional $20 million to Infrant shareholders should the combined company reach specific revenue goals.

Infrant, which was founded in 2001, is probably best known for its ReadyNAS networked-storage products.

In the deal, Netgear will acquire the Infrant name, all of its patents and technologies, as well as 34 employees. Infrant president and CEO Paul Tien, as a result of the purchase, will become vice president and general manager for storage products for Netgear.

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