Netgear snaps up Bengaluru-based cybersecurity firm Exium

US-based networking solutions company Netgear on Friday announced its acquisition of Bengaluru-based cybersecurity startup Exium to enhance its integrated services for managed service providers (MSPs) and customers.

The acquisition follows Netgear's recent purchase of Chennai-based VAAG Systems. The acquisition of VAAG aims to fast-track Netgear’s in-house software development capabilities, with the latter’s team forming the core of the company’s newly established Software Development Center in Chennai, leveraging Artificial Intelligence (AI) and cloud technologies to automate network security and improve SME scaling and productivity.

On the recent acquisition, a statement issued by Netgear said the Exium CEO Farooq Khan will remain in his role and join Netgear's leadership team. Exium provides a secure access service edge (SASE) platform already deployed in several Indian universities. Integrating Exium's platform will provide Netgear for Business with a comprehensive, user-friendly solution for wired and wireless networking, firewall, and integrated security, specifically designed for MSPs and SMEs.

Gartner projects the SASE market to grow at a 29% CAGR, reaching over $25 billion by 2027, driven by the increasing adoption of cloud-based networking and security solutions.

Netgear, founded in 1996 and Nasdaq-listed with a valuation of $868 million, reported net revenue of $162.1 million in the quarter ending March 2025, a 1.5% year-over-year decrease.

Netgear CEO Charles Prober said that the firm is establishing manufacturing facilities in India, highlighting India's rapid economic growth and Netgear's expansion plans during an interview in May with TechCircle last year. These plans involve expanding the research centre and increasing investment in engineering, sales, and customer support.

Netgear's Indian office focuses on core development and has partnerships with Capgemini and VVDN. The company intends to double its Indian headcount from 65 employees, representing 10% of its global workforce and will hire over 100 engineers in the next 12-18 months, including staff for its new Chennai centre.