09:46 AM EDT, 06/05/2025 (MT Newswires) -- Netgear ( NTGR ) said in a regulatory filing Thursday that it has agreed to buy cybersecurity company Exium for less than $15 million in cash.

The company said it expects to fund the acquisition from existing reserves. The transaction is not expected to have a material impact on its operations or financial position this year, according to Netgear ( NTGR ).

The deal is expected to close by the end of Q2 and add an integrated Secure Access Service Edge, or SASE, platform to its offerings, Netgear ( NTGR ) said.

Shares of Netgear ( NTGR ) were up more than 1% in early trading Thursday.

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