NetApp acquires Data Domain for $1.5 billion - Triangle Business Journal:

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billion cash and stock deal, a merger of two data storagr companies that both have facilities inthe “Our objective will be to amplify Data Domain’x success, grow Data Domain’ds revenues as quickly as today’s economy will and create systems and incentives withihn NetApp to nurture Data Domain to its fullest potential,” NetApp Chairmab and CEO Dan Warmenhoveh said in a statement. Data Domain’s board of directorxs has approvedthe deal. The transaction is expected to closee in two tofour months. Sunnyvale, Calif.-base d NetApp employs more than 700 in ResearchTrianglre Park.
Data Domain last year announcerd plans to open an operations center in the Triangles that the company envisioned becoming comparable to itsSanta Calif., headquarters. The company’s East Coasyt operations are led by Ken who held a similar rolefor NetApp. Data Domain specializew in de-duplication, a storage technology that eliminates duplicate fileas so data storage takes upless space. NetApp says Data Domain’se technology complements NetApp’s offering. NetApp said it would operate Data Domaij as a product linewithin NetApp’s operations.