IT Mergers & Acquisitions

Network Appliance, Inc. today announced that it has entered into a definitive agreement to acquire Topio, a privately held Santa Clara, California based company with R&D in Haifa, Israel, for approximately $160 million in an all-cash transaction. Topio, a NetApp Strategic Partner, is highly regarded for its innovative software that helps customers replicate, recover, and protect data over any distance regardless of the underlying server or storage infrastructure. The combination of Topio software and NetApp proven data management solutions will enable enterprises to safely, reliably, and nondisruptively replicate their production data on any vendor system — including EMC, HP, or HDS — to any NetApp storage system.

Continue reading Network Appliance enlarge heterogeneous data protection portfolio by Topio software…

 
EMC Corporation, the world leader in information management and storage, announced the signing of a definitive agreement to acquire privately-held Avamar Technologies, Inc., a fast-growing provider of enterprise-class data protection software featuring industry-leading data de-duplication technology. EMC will acquire the Irvine, California-based company in a cash transaction valued at approximately $165 million. The acquisition is expected to be completed within 30 days and is not expected to have a material impact on EMC’s revenue or EPS for 2006.