For anybody tracking the storage arena you will be aware of the fight between EMC and NetApp to acquire Data Domain, it all looked to be going towards NetApp for a while but EMC got to the finishing line first and will complete the purchase by the end of July. EMC have announced where they see Data Domain fitting into their already impressive storage portfolio
EMC, said it now controls 82.1 percent of Data Domain shares after a tender offer.
In a statement, EMC said that Data Domain will lead a division focused on the latest disk-based backup, recovery and archive products. Data Domain CEO Frank Slootman will lead the division and report to Joe Tucci, EMC’s Chairman and CEO, and Frank Hauck, executive vice president in charge of EMC’s storage business.
EMC also said it plans to increase its investment in the division and build complementary technologies around it. EMC added that it expects the unit to continue to grow at double digit rates and hit $1 billion in revenue in 2010.