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Dell EMC Data Domain
Dell EMC Data Domain was Dell EMC’s data deduplication storage system. Development began with the founding of Data Domain, and continued since that company’s acquisition by EMC Corporation (and EMC’s later merger with Dell to form Dell EMC).
The technology started in a separate company, which was then acquired and re-branded twice.
The Data Domain Corporation was founded by Kai Li, Ben Zhu, and Brian Biles in 2001 as a company specializing in target-based data deduplication products for disk-based backup. Hugo Patterson joined as chief architect 3 months after initial funding. The company started operations in a series of venture capital offices around Palo Alto, California, pre-funding at U.S. Venture Partners, where Zhu was an entrepreneur in residence (EIR), then at New Enterprise Associates (NEA), where Li was an EIR, and post-funding at Greylock Partners. NEA and Greylock provided Series A funding in 2002.
The first product revenue was realized in the beginning of 2004.
NEA and Greylock led the company’s $9.3 million Series A funding round in 2002. Sutter Hill Ventures led its $17 million Series B funding round in 2003, joined again by NEA and Greylock. Through 2005, the three companies invested a total of $40 million in Data Domain.
The company had their initial public offering on June 27, 2007, with a total market capitalization of $776.5 million, above its forecast range despite years of losses. This put the stock price at $15 per share, above the forecasted range of $11.50 to $13.50. The company’s market capitalization was $776.5 million at the time of the IPO. It was listed on Nasdaq with symbol DDUP.
In May 2009, NetApp announced it would acquire Data Domain for about $1.5 billion. In June 2009, EMC Corporation announced their intention to acquire Data Domain Corp for $2.4 billion, outbidding the previous offer. In July, the two companies agreed to the acquisition. Post-acquisition, Data Domain would operate as a brand and line of products under EMC, known as EMC Data Domain.
Former CEO Frank Slootman published a book about his experiences in 2011.
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Dell EMC Data Domain
Dell EMC Data Domain was Dell EMC’s data deduplication storage system. Development began with the founding of Data Domain, and continued since that company’s acquisition by EMC Corporation (and EMC’s later merger with Dell to form Dell EMC).
The technology started in a separate company, which was then acquired and re-branded twice.
The Data Domain Corporation was founded by Kai Li, Ben Zhu, and Brian Biles in 2001 as a company specializing in target-based data deduplication products for disk-based backup. Hugo Patterson joined as chief architect 3 months after initial funding. The company started operations in a series of venture capital offices around Palo Alto, California, pre-funding at U.S. Venture Partners, where Zhu was an entrepreneur in residence (EIR), then at New Enterprise Associates (NEA), where Li was an EIR, and post-funding at Greylock Partners. NEA and Greylock provided Series A funding in 2002.
The first product revenue was realized in the beginning of 2004.
NEA and Greylock led the company’s $9.3 million Series A funding round in 2002. Sutter Hill Ventures led its $17 million Series B funding round in 2003, joined again by NEA and Greylock. Through 2005, the three companies invested a total of $40 million in Data Domain.
The company had their initial public offering on June 27, 2007, with a total market capitalization of $776.5 million, above its forecast range despite years of losses. This put the stock price at $15 per share, above the forecasted range of $11.50 to $13.50. The company’s market capitalization was $776.5 million at the time of the IPO. It was listed on Nasdaq with symbol DDUP.
In May 2009, NetApp announced it would acquire Data Domain for about $1.5 billion. In June 2009, EMC Corporation announced their intention to acquire Data Domain Corp for $2.4 billion, outbidding the previous offer. In July, the two companies agreed to the acquisition. Post-acquisition, Data Domain would operate as a brand and line of products under EMC, known as EMC Data Domain.
Former CEO Frank Slootman published a book about his experiences in 2011.