All the latest UK technology news, reviews and analysis
|
|
|
09 Jul 2009
EMC announced today that it will acquire data deduplication firm Data Domain for around $2.1bn (£1.3bn).
The transaction works out at about $33.50 (£20.70) per share, and is expected to be completed by the end of July.
"We look forward to bringing Data Domain together with EMC to form a powerful force in next-generation, disk-based backup and archive," said EMC chief executive and chairman Joe Tucci.
"I have tremendous respect for Data Domain's people, technology and business, and anticipate great things ahead for our respective companies, customers and partners."
The deal marks the end of an often acrimonious bidding war with rival storage vendor NetApp.
Latest stories from Storage
Related articles
Related jobs
Poll
What is the most important IT priority for your company this year?
Hands on with the highly anticipated Android 4.0 Ice Cream Sandwich hybrid tablet
Connect with V3.co.uk
This paper focuses on a series of best practices and techniques for development teams looking to improve their software development processes
Why good data management at all levels is essential in the modern business (video, 6mins)
PHP Developers - Fixed Term Contracts (initially 6 months...
Junior Ruby on Rails Developer - London - Permanent...
A Project Manager is required to join a leading Insurance...
CCIE Network Engineer required with fluent Hungarian...
Keep up to date with the latest products, services and technologies from the world's leading IT companies. IThound.com brings you over 2,000 white papers, case studies and analyst reports.
Do you agree?