NetApp to buy Data Domain

Nibble Writes $1.5 billion cheque

By Nick Farrell

Thu May 21 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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Authorities in several countries raided Megaupload recently, shut down all of its services, seized hundreds of servers and arrested several of its executives on criminal charges.

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NetApp to buy Data Domain

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