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"Since its inception, CP Secure has continuously innovated new security products and technologies, such as our patent-pending real-time scanning feature," said Shuang Ji, CEO of CP Secure. "Today, enterprises and public institutions worldwide such as Philips Intermagnetics and the Oregon Department of Environmental Quality depend on the CP Secure integrated security platform to protect their networks and applications. By leveraging NETGEAR's leading brand name, global distribution channel and supply chain relationships, we believe we will be able to offer CP Secure's enterprise-level security features to SMBs who are exposed to the same security threats as enterprises, and can and should expect the same degree of comprehensive network protection."
Under the terms of the transaction, NETGEAR is acquiring a select team of CP Secure employees, including its Nanjing engineering centre with over 40 engineering professionals, its pending patents, proprietary technologies, customer base, current products, and products in development. NETGEAR intends to release a full line of NETGEAR ProSecureTM security appliances for web, email and unified threat management incorporating CP Secure's platform within the next 12 months. The addition of CP Secure's seasoned engineering team forms a dedicated, world-class group focused on hardware, software, and technology for network security appliances.
About CP Secure, Inc.
CP Secure, Inc. is a leading manufacturer of gateway content security appliances. The company protects all-sized organisations from network based malware through innovative technologies, effective products and solid support. For more information about CP Secure, Inc., please visit www.cpsecure.com.
About NETGEAR, Inc.
NETGEAR (NASDAQGM: NTGR) designs technologically advanced, branded networking solutions that address the specific needs of small and medium business and home users. The Company's product offerings enable users to share Internet access, peripherals, files, digital multimedia content and applications among multiple personal computers and other Internet-enabled devices. As an ENERGY STAR® partner, NETGEAR offers products that prevent greenhouse gas emissions by meeting strict energy-efficiency specifications set by the U.S. government. NETGEAR is headquartered in San Jose, Calif. For more information, visit the company's Web site at http://www.netgear.co.uk.
