Feeds

Data Domain's stock rocks, Netezza seeks $80m

Storage appliance IPO a-go-go

HP ProLiant Gen8: Integrated lifecycle automation

Data Domain stock soared 66 per cent to $24.95 on its first day of trading as a public company, Wednesday.

The network storage and disk backup firm offered 7.39m shares at $15 a piece in the IPO. Data Domain beat its own expectations to grab a cool $94.2m, raising about $111m in the offering.

The company was founded in 2001 and claims 750 enterprise customers. In Data Domain's most recent quarter, it reported a $1.5m loss on $20.2m in revenue.

The company has found a niche in the storage market with a focus on data de-duplication and has secured DDUP as its ticker symbol. The de-dupe process removes redundant information as data is backed up or archived resulting in decreased capacity requirements.

Netezza prices IPO

Storage appliance company Netezza has set the terms on its IPO announced in March. The company plans to sell 9 million shares of its common stock for between $9 and $11 per share. Netezza plans to raise $81.7m from the offering. It will trade under the symbol NZ.

The company will use the money to repay $9.9m in debt and for working capital, product development, sales and marketing. The company said it may also use the proceeds for possible acquisitions.

Netezza produces high-end data warehouse systems called Netezza Performance Servers that patch together older, general-purpose systems to perform analysis on large amounts of "dynamic" data. ®

Reducing security risks from open source software

More from The Register

next story
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
SHOCK and AWS: The fall of Amazon's deflationary cloud
Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
BlackBerry: Toss the server, mate... BES is in the CLOUD now
BlackBerry Enterprise Services takes aim at SMEs - but there's a catch
The triumph of VVOL: Everyone's jumping into bed with VMware
'Bandwagon'? Yes, we're on it and so what, say big dogs
Carbon tax repeal won't see data centre operators cut prices
Rackspace says electricity isn't a major cost, Equinix promises 'no levy'
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.