Bloomberg News estimated today that New Enterprise Associates stands to make a 26-fold return on its initial investment in Data Domain, the maker of storage backup tools that agreed to be acquired for $2.1 billion by EMC after a bidding war with NetApp.
NEA should make Read the rest of this entry »
NetApp, the Sunnyvale network storage company that reported its second straight quarterly sales drop Wednesday and its first net loss since 2002, is set to buy itself some growth with the announcement that it has reached a deal to acquire Data Domain, a Santa Clara maker of data-duplication storage appliances used for backing up, archiving and disaster recovery of data.
The deal, which involves an as-yet unspecified combination of cash and stock, reportedly values Data Domain at Read the rest of this entry »
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