Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Public Council Teleconference: Application Rationalization — Hidden Costs and Smart Decisions
November 17 at 11:00 am US/Eastern (GMT-5)
Join Honorio Padrón, of The Hackett Group, who will share the drivers for companies to tackle application rationalization and the results of research that define the hidden cost of complexity. Additionally, we will discuss key decision milestones—to start or not, holding the course steady and fulfilling expectations.
Virtual Desktop Cost-Benefit Analysis — Michael Jacobs, Catlin Group
The analysis contained in this presentation measures the cost of everything from the machines and licenses to the infrastructure for virtual vs. traditional desktop environments.
Honor your best senior team members - Apply for the CIO Ones to Watch Award
Get well-earned public recognition for your top up-and-coming team members, your IT organization and your enterprise. Award winners will be announced, publicized and feted in May 2010, great timing to help attract new IT recruits to your company.
Learn more about the CIO Executive Council »July 06, 2009 — IDG News Service —
EMC on Monday increased its offer to acquire storage vendor Data Domain from US$1.8 billion to $2.1 billion in its latest effort to shove aside original bidder NetApp.
The all-cash offer is "clearly superior" to NetApp's $1.9 billion proposal, which includes stock and cash, EMC CEO Joe Tucci said in a letter to Data Domain's board that EMC publicly released.
Data Domain makes deduplication storage systems, which pinpoint redundant data and help companies save disk space.
NetApp had originally entered an acquisition agreement with Data Domain in late May, but EMC subsequently moved with counteroffers in an effort to squelch the deal.
Citing a number of factors, including a $57 million termination fee Data Domain would likely have to pay NetApp, Data Domain's board of directors has recommended shareholders reject EMC's entreaties.
To that end, EMC's latest bid does not include such a fee and other "deal protections," according to EMC.
EMC is also ready to close the deal within two weeks, which is faster than NetApp, Tucci added.
It remains to be seen what effect the new bid will have on Data Domain's board. A company spokesman declined to comment Monday.
Meanwhile, NetApp is proceeding apace, announcing Monday that it had cleared all necessary U.S. regulatory hurdles to proceed with the acquisition. Data Domain shareholders are scheduled to vote on NetApp's offer on Aug. 14, according to NetApp.
NetApp could not immediately be reached for comment.