View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data
May 21, 2009

NetApp snaps up Data Domain for $1.5bn

Deal to expand NetApp’s reach in backup

By CBR Staff Writer

NetApp, a provider of storage and data management systems, has bought Data Domain, a provider of deduplication storage systems, for $25 per share.

The cash and stock transaction is valued at approximately $1.5 billion, net of Data Domain’s cash.

NetApp intends to operate Data Domain as a product line within its product operations organisation. The Data Domain sales organisation will be integrated with NetApp sales to access new accounts.

The transaction is expected to complete in the third quarter of 2009 subject to customary closing conditions including regulatory approval.

Dan Warmenhoven, chairman and CEO of NetApp, said: The combination of our two companies will increase NetApp’s reputation for delivering both outstanding efficiency and operational breakthroughs to customers worldwide. We will focus on new customer acquisition and maximum market share expansion. Their existing customers should see the benefits of NetApp’s broader scale and support capabilities.

Frank Slootman, president and CEO of Data Domain, said: Notwithstanding the rapid record sales growth Data Domain has experienced over the past five years, with NetApp’s distribution channel and customer base, we have an opportunity to accelerate even further.

Content from our partners
Why food manufacturers must pursue greater visibility and agility
How to define an empowered chief data officer
Financial management can be onerous for CFOs, but new tech is helping lighten the load

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.