M&A - NETGEAR, INC.

Form Type: 8-K

Filing Date: 2025-06-05

Corporate Action: Acquisition

Type: New

Accession Number: 000095017025081998

Filing Summary: On June 5, 2025, NETGEAR, Inc. announced that it entered into an agreement to acquire Exium Inc., a cybersecurity software company, enhancing its cloud-based solutions for advanced business connectivity. This acquisition aims to integrate Exium’s Secure Access Service Edge (SASE) platform with NETGEAR’s network offerings for small to medium enterprises, in line with NETGEAR’s strategic goals. The transaction is set to close by the end of Q2 2025, subject to customary conditions. Some Exium employees will join NETGEAR, with potential equity awards tied to NETGEAR's 2024 Inducement Plan. The total acquisition cost is under $15 million, to be paid in cash from reserves, and the deal is not expected to significantly affect NETGEAR’s 2025 financial results. A related press release is included as Exhibit 99.1.