On Storage
NetApp Buys Data Domain for $1.5 Billion
NetApp today announced plans to purchase Data Domain for approximately $1.5 billion.
"This combination is a great opportunity for both NetApp and Data Domain," says NetApp CEO Dan Warmenhoven. "Data Domain is an innovative high-growth company with a complementary product line ideally suited for multi-vendor environments where customers want to minimize their use of tape for backup. NetApp has the distribution channels and international reach to offer Data Domain products to more customers, accelerating growth and market adoption. The combination of our two companies will increase NetApp's reputation for delivering both outstanding efficiency and operational breakthroughs to customers worldwide."
"NetApp, along with EMC, appear to be among the winners amid data center overhauls," writes ZDNet's Larry Dignan. "By playing nice with various giants – HP, IBM, Cisco and Dell to name a few – these independent storage vendors appear poised to tag along no matter what architecture ultimately wins."
More here from The Register … more here from Computerworld … more here from the WSJ … and the press release is here.