NetApp to buy Data Domain
Nibble
Writes $1.5 billion cheque
Thursday, 21 May 2009, 13:08
DATA STORAGE firm NetApp has agreed to buy data backup and disaster recovery systems provider Data Domain for $1.5 billion.
According to the AP, NetApp wants to operate Data Domain as a product line but using its better distribution channels and international reach.
NetApp is an outfit which has seen its profits drop recently thanks to the economic downturn. µ
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