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Tag: ddup

  • NetApp Awaits EMC Response to Data Domain Bid


    The bidding war for Data Domain stepped up this week after NetApp raised the stakes with rival EMC by making a new cash and stock offer of USD $1.9 billion.

    It came two days after EMC’s offer of USD $30 per share in a deal worth about USD $1.8 billion – around 20 per cent over the original USD $1.5 billion offered LINK last month by NetApp.

    Data Domain, a market leader in data deduplication technology, manufactures a series of storage appliances that tightly integrates its dedupe technology with dedicated storage capacity.

    It also offers software for data replication and virtual tape libraries.

    Both EMC and NetApp currently offer data dedupe technology.

    The increased offer from NetApp means that, if accepted, its offer would use up almost all it’s US cash balance of USD $1.26 billion.

    However, EMC is widely expected to counter with an all-cash offer.

  • NetApp Buys Data Domain For $1.5bn


    NetApp announced this week that it has agreed to buy data backup and disaster recovery systems provider Data Domain Inc. for USD $25 per share in cash and stock, or about USD $1.5 billion.

    The data storage company said it will operate Data Domain as a product line.

    The result should accelerated growth and market adoption, according to NetApp, since Data Domain has the distribution channels and global reach to offer its products to more customers.

    Data Domain’s board has unanimously approved the deal, which is expected to close in the next two to four months.

    On Wednesday, NetApp reported a drop in fiscal fourth-quarter profit as revenue declined amid the economic turmoil.