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Data Domain® is the leading provider of Deduplication
Storage systems for disk backup and network-based disaster recovery. Over 1,500
companies worldwide have purchased Data Domain's storage systems to reduce costs
and simplify data management. Data Domain delivers the performance, reliability
and scalability to address the data protection needs of enterprises of all
sizes. Data Domain's products integrate into existing customer infrastructures
and are compatible with leading enterprise backup software products. To find out
more about Data Domain, visit www.datadomain.com. Data Domain is headquartered
at 2421 Mission College Blvd., Santa Clara, CA 95054 and can be contacted by
phone at 1-866-933-3873 or by e-mail at sales@datadomain.com.
see also:- Data Domain's article -
Is Deduplication of
Data Safe? - and More Deduplication FAQs
EMC Secures Data Domain for $2 billion
Editor:-
July 20, 2009 - EMC
, today
announced that it has acquired
majority ownership of Data Domain.
Once
EMC completes the acquisition of Data Domain, which is expected by the end of
July, Data Domain will become the foundation of a new product division within
EMC's storage business focused on the development and delivery of
next-generation disk-based
backup, recovery and archive solutions.
EMC's successful offer
price of $33.50 per share effectively values Data Domain at $2.1 billion. EMC
said it expects expects this new division to continue growing revenue at
significant double-digit rates achieving $1 billion in revenue in 2010.
Editor's
comments:- the Data Domain bidding saga surfaced in the newswires 2
months ago - when Network
Appliance made an offer for about
$1.5 billion. |
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