Data Domain, data storage and recovery company, raises $111M in IPO

June 27, 2007 | Matt Marshall

Data Domain, a Santa Clara, Calif. provider of storage appliances for disk-based backup and network-based disaster recovery, has raised $110.85 million in its IPO.

Its 7.39 million shares priced at $15 per share, above its $11.50-$13.50 targeted range, giving the company an approximate market value of $777 million.

Data Domain raised around $41 million in funding, giving Greylock Partners a 30.3 percent in the company before the IPO, and New Enterprise Associates 28.9 percent and Sutter Hill Ventures 16.8 percent. .

Next Story: Snaptell raises between $4M and $5M for in-store price comparison with cellphone
Previous Story: Roundup: Page's helicopter, Metaweb changes, Sequoia's $100 rule, more

Twitter

Facebook

Google Buzz

Digg

StumbleUpon

Delicious

Google

More...

About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.