News
7/9/2009
02:22 PM
Connect Directly
RSS
E-Mail
50%
50%

EMC Acquires Data Domain For $2.4 Billion

With businesses storing 50% more data each year, EMC is betting companies will line up for its combined data archival and de-duplication offering.

When Data Domain agreed to be acquired by NetApp for $1.5 billion in May, the storage company may have undervalued itself by nearly $1 billion. Competing bidder EMC agreed this week to buy the deduplication specialist for $2.4 billion.

EMC is paying cash for Data Domain, the preferred currency over stock in these days of economic recession. NetApp's first offer for Data Domain was for $1.5 billion in cash and stock. After a few weeks of spirited bidding, NetApp dropped out of the competition.

With businesses storing 50% more data each year, according to some market research estimates, EMC is betting the acquisition will pay off. EMC said it expects the acquisition to be accretive to its non-GAAP earnings in its 2010 fiscal year.

"This is a compelling acquisition from both a strategic and financial standpoint," said Joe Tucci, EMC chairman, president, and CEO, in a statement. "We look forward to bringing Data Domain together with EMC to form a powerful force in next-generation disk-based backup and archive."

With government regulations and legal measures continuing to grow, deduplication's reduction of redundant data is becoming more important. EMC has some deduplication technology in place, but its acquisition of Data Domain and its deduplication offerings will help give it a leg up in the storage segment. While tape storage is still in widespread use, chief information officers increasingly want the speedy access offered by spinning disks and other disk storage technologies. Deduplication is helping in the shift from tape to disk backup and archive storage.

EMC said the acquisition, which is expected to be completed later this month, is expected to have a total enterprise value of $2.1 billion, net of Data Domain's cash.


InformationWeek Analytics has published an independent analysis on the state of enterprise storage. Download the report here (registration required).

Comment  | 
Print  | 
More Insights
Register for Dark Reading Newsletters
White Papers
Flash Poll
Current Issue
Cartoon
DevOps’ Impact on Application Security
DevOps’ Impact on Application Security
Managing the interdependency between software and infrastructure is a thorny challenge. Often, it’s a “developers are from Mars, systems engineers are from Venus” situation.
Video
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2014-4734
Published: 2014-07-21
Cross-site scripting (XSS) vulnerability in e107_admin/db.php in e107 2.0 alpha2 and earlier allows remote attackers to inject arbitrary web script or HTML via the type parameter.

CVE-2014-4960
Published: 2014-07-21
Multiple SQL injection vulnerabilities in models\gallery.php in Youtube Gallery (com_youtubegallery) component 4.x through 4.1.7, and possibly 3.x, for Joomla! allow remote attackers to execute arbitrary SQL commands via the (1) listid or (2) themeid parameter to index.php.

CVE-2014-5016
Published: 2014-07-21
Multiple cross-site scripting (XSS) vulnerabilities in LimeSurvey 2.05+ Build 140618 allow remote attackers to inject arbitrary web script or HTML via (1) the pid attribute to the getAttribute_json function to application/controllers/admin/participantsaction.php in CPDB, (2) the sa parameter to appl...

CVE-2014-5017
Published: 2014-07-21
SQL injection vulnerability in CPDB in application/controllers/admin/participantsaction.php in LimeSurvey 2.05+ Build 140618 allows remote attackers to execute arbitrary SQL commands via the sidx parameter in a JSON request to admin/participants/sa/getParticipants_json, related to a search parameter...

CVE-2014-5018
Published: 2014-07-21
Incomplete blacklist vulnerability in the autoEscape function in common_helper.php in LimeSurvey 2.05+ Build 140618 allows remote attackers to conduct cross-site scripting (XSS) attacks via the GBK charset in the loadname parameter to index.php, related to the survey resume.

Best of the Web
Dark Reading Radio
Archived Dark Reading Radio
Where do information security startups come from? More important, how can I tell a good one from a flash in the pan? Learn how to separate ITSec wheat from chaff in this episode.