Network Appliance Acquires Alacritus
Sunnyvale, CA - April 7, 2005 - Network
Appliance, Inc. (NASDAQ:NTAP), a leader in advanced networked
storage solutions, today announced that it has entered into a
definitive agreement to acquire Alacritus, a privately held company
based in Pleasanton, California, for approximately $11 million in
an all-cash transaction. Alacritus is best known for its Virtual
Tape Library (VTL) software product, which makes disks emulate tape
to provide high performance for large-scale backup environments
without disrupting established tape-backup workflow and
processes.
"Alacritus extends our ability to provide a
robust data protection solution to our customers and will help
accelerate their transitions to disk-based backup," said Amit
Pandey, vice president and general manager of the Network
Appliance™ NearStore® business unit. "VTL complements
and expands our comprehensive suite of disk-based backup solutions
to protect the enterprise and rapidly recover data. For customers
who want improved reliability and performance with their backup
solutions without altering their current tape environments, VTL
offers a simple and economical path to disk."
In December 2004, NetApp announced a solution
combining Alacritus VTL with NetApp® NearStore and FAS storage
systems designed to back up NetApp storage as well as UNIX®
and Windows® servers. That solution is certified with backup
software from Bakbone, CA, CommVault, Dantz, EMC/Legato, IBM, and
VERITAS.
The acquisition is expected to close by the
end of the fourth fiscal quarter of 2005.
About Alacritus
Alacritus Software is the storage industry's innovation engine for
disk-based data protection software solutions. The principals of
Alacritus continue in the tradition responsible for many key
storage industry technological breakthroughs, including Chronospan
for Time Addressable Storage, Celestra for serverless backup, the
Network Data Management Protocol (NDMP) co developed with NetApp,
Third Party Copy, and the first backup and restore tool for
networked, UNIX-based environments.
About Network Appliance
Network Appliance is a world leader in unified storage solutions
for today's data-intensive enterprise. Since its inception in 1992,
Network Appliance has delivered technology, product, and partner
firsts that continue to drive "The evolution of storage™."
Information about Network Appliance solutions and services is
available at
www.netapp.com.
"Safe Harbor" Statement under U.S. Private
Securities Litigation Reform Act of 1995
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These statements include continued customer acceptance and adoption
rates of the Company's solutions. These forward-looking statements
involve risks and uncertainties, and actual results could vary.
Factors that could impact our ability to achieve our goals include
general economic and industry conditions, including expenditure
trends for storage-related products; our ability to deliver new
product architectures and products that meet market acceptance; our
ability to design products that compete effectively from a price
and performance perspective; and other important factors as
described in Network Appliance, Inc.'s reports and documents filed
from time to time with the Securities and Exchange Commission,
including our most recently submitted 10-K and 10-Q.
Media Contacts:
Eric Brown
Network Appliance, Inc.
408-822-3463
ebrown@netapp.com
Jodi Baumann
Network Appliance, Inc.
(408) 822-3974
jodi.baumann@netapp.com
Investor Contacts:
Tara Calhoun
Network Appliance, Inc.
408-822-6909
tara.calhoun@netapp.com