Data Domain board rejects EMC's $1.8B offer, recommends NetApp merger
Data Domain's board is asking stockholders to reject EMC's unsolicited offer to purchase the company, and instead approve a merger with NetApp.
Data Domain's board is asking stockholders to reject EMC's unsolicited offer to purchase the company, and instead approve a merger with NetApp.
EMC chief executive Joe Tucci is making his case directly to the employees of Data Domain, the de-duplication and backup company that is subject to a bidding war between rivals EMC and NetApp.
NetApp has claimed victory in the bidding war with EMC over Data Domain, a vendor of deduplication storage systems, though EMC insists its all-cash offer is superior to NetApp's, which combines cash and stock.
The price for Data Domain is going up fast, as NetApp Wednesday morning tried to outspend EMC by offering US$1.9 billion to purchase the storage company.
Storage vendor NetApp has agreed to acquire Data Domain, a maker of disk-based backup products, for about US$1.5 billion, the companies announced Wednesday.
NetApp Inc. today said it has agreed to acquire top data de-duplication vendor Data Domain Inc. in a cash and stock deal valued at $1.5 billion.
NetApp is the second best place to work in Australia behind Google, according to the <i>BRW</i> Top 50 Great Places to Work list.
Vendors and distributors were all singing the line “you got a friend in me” this week as more partnerships and channel programs hit the news desk.
New Zealand IT solutions provider, Datacom, has become a NetApp gold partner, gaining access to the vendor's full range of products and services.
NetApp, a maker of enterprise data storage systems, laid off about 500 of its 8,000 worldwide employees on Monday. On Wednesday, the Silicon Valley-based company announced a net loss of US$75 million last quarter.
NetApp is killing off StoreVault, a network storage appliance designed for small and midsize businesses. While NetApp will not provide any further product upgrades for StoreVault, which had recently been renamed the S Family/S550, NetApp will continue supporting the product for three more years. A notice sent to customers last week said new sales of the S550 will be limited to the quantity on hand.
Storage companies are feeling the pain of companies cutting IT costs and overall spending, but the move to server virtualization is driving some demand, according to NetApp CEO Dan Warmenhoven.
As a long-time veteran in the IT channel industry, Julie Parrish sent waves in the channel when she announced her departure from Symantec. Now the vice-president of worldwide channel sales at NetApp, Parrish is focusing her efforts on getting to know the company's partners to ensure their profitability now and into the future.
EMC and NetApp pushed new Fibre Channel over Ethernet products at Storage Networking World in the US last week, but the technology may not gain mainstream adoption for more than a year.
Symantec’s vice-president of global channels, Julie Parrish, has left the vendor.