The story
The technology started in a separate company, which was then acquired and re-branded twice.
Data Domain Corporation
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.
Funding, IPO and Acquisition
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.
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EMC Data Domain
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.
Since acquiring Data Domain, EMC integrated the Data Domain platform with its Data Protection Suite software and expanded software enhancements. According to a 2013 analysis sponsored by EMC, Data Domain reduced loss of user productivity from backup, restore, and retrieval operations.
Dell EMC Data Domain
In 2016, EMC merged with Dell to become Dell EMC, which continued the Data Domain brand until 2019. During this period, the brand was named Dell EMC Data Domain. On September 24, 2019, Dell EMC announced via blog post that Data Domain products will be branded as PowerProtect DD products going forward.
From Wikipedia’s article on Data Domain (corporation), shared under CC BY-SA 4.0.3