Posts Tagged Data De-duplication
The latest acquisition of Archer Technologies fills a gap in EMCs solution ecosystem with a best-in-class GRC software platform. With the Archer acquisition, and the development of an integration layer across EMC products, EMC creates the opportunity to speak more definitively about its capability to provide GRC solutions for core IT assets and operations and across the enterprise. The acquisition also provides a competitive play for EMC against other infrastructure technology providers including Oracle, with its GRC Manager, Microsoft with GRC Solution Accelerators and Sharepoint, CA, with its own GRC Manager, and others interested in their piece of the still-developing GRC marketplace.
Anyone that knows me or follows this blog understands I was never thrilled about EMC shelling out $2.4B for Data Domain. I didn’t like the deal at $1.8B. But what’s done is done. EMC kept the asset out of NetApp’s hands and it acquired a nice piece of property in Data Domain.
So what’s in store for EMC and its customers as a result of this acquisition? I want to cover three things here in this post:
- EMC’s data protection vision and what’s changed.
- What this deal means in the near term for EMC as a company.
On Monday, June 1st, 2009, FalconStor Software announced some pretty compelling data reduction numbers. Depending on whose numbers you believe FalconStor’s single-node performance is 20-30% faster than Data Domain’s single node performance. What’s more, in its reference environment discussed here on Wikibon and in a press release here FalconStor’s Single Instance Repository (SIR) was able to achieve a 40:1 data reduction ratio — 20:1 using SHA-1 deduplication at a block level and then 2:1 using hardware compression cards from HiFN. FalconStor also has file level data reduction using pretty much the same code.
EMC earlier this afternoon put out an offer for $30 a share for Data Domain, $5 more than NetApp’s bid. In after hours trading, Data Domain’s stock is up over $30 indicating that the street believes NetApp will be forced to match. NetApp stock is also up in after hours trading so somehow the street thinks a bidding war is good for NetApp. Sometimes things aren’t so logical on Wall Street– this won’t likely hold.
Here’s the EMC release.
Some folks I know on Wall Street started shorting Data Domain stock late last year and were very happy until today. Actually, they’re still pretty happy, just not giddy like they were in March when the stock bottomed. As you can see from the chart below, DDUP has outperformed its peers in the past three months and will now spike close to the buyout price.
In after hours trading, DDUP is approaching the announced buyout price of $25, a nearly 40% premium over yesterday’s close. That’s at or near it’s 52-week high, which is pretty astounding.
Spring 2009 Storage Networking World is now history. As expected the crowds were down a bit with the vendor participation down significantly but according to the SNW folks, end user attendees were at 92% when compared to last year, not too bad considering current economic realities.
Eyes are now on SNW Fall to see how well the event can rebound, or not.
It was another successful and busy week at Storage Networking World (SNW) Spring 2009 in Orlando. Although the number of vendors, by my count, was 48% of what it was in Spring 2008, it was apparent that the vendors who did participate sent fewer people. However, the SNW officials said that the end-user attendance was 92% of what it was in Spring 2008. Obviously travel budgets have been cut, and this was reflected in the end-user attendance, which had shifted to many local IT professionals from the central Florida region.
Ah! Curtis throws jet fuel on the de-dup performance conflagration. Good for him for putting a stake in the ground. Comments are priceless