Network Appliance Acquires Topio
SUNNYVALE, Calif. - November 8, 2006 --
Network Appliance, Inc. (NASDAQ: NTAP) today announced that it has
entered into a definitive agreement to acquire Topio, a privately
held Santa Clara, California-based company with R&D in Haifa,
Israel, for approximately $160 million in an all-cash transaction.
NetApp Strategic Partner, is highly regarded for
its innovative software that helps customers replicate, recover,
and protect data over any distance regardless of the underlying
server or storage infrastructure. The combination of Topio software
and NetApp® proven data management solutions will enable
enterprises to safely, reliably, and nondisruptively replicate
their production data on any vendor system-including EMC, HP, or
HDS-to any NetApp storage system.
The joint capabilities of Topio and NetApp
deliver a broad range of solutions spanning data protection, data
migration, and data cloning. In addition to providing customers
with all the benefits that come with the renowned
unified architecture from NetApp, the joint
solution is especially compelling in two user scenarios. First,
customers with production storage not from NetApp can
nondisruptively replicate data to a NetApp system and take full
advantage of rapid, storage-free data cloning using NetApp
FlexClone™ technology, which provides
near-instantaneous creation of multiple clones of data without
additional storage requirements. Second, customers with mixed
legacy storage environments can unify their disaster recovery (DR)
environment on reliable and cost-effective NetApp tiered storage
platforms and put the DR copy to active business use.
Jay Kidd, senior vice president and general
manager, Emerging Products group, Network Appliance, said, "The
average enterprise creates and stores anywhere between 10 and 20
copies of its data, including testing and application development
data, which can increase the amount of storage consumed by 10 to 20
times. This is both expensive and time consuming. With the addition
of Topio, enterprises using legacy storage systems can create
working data copies in seconds while dramatically decreasing
overall storage requirements. This not only provides immediate cost
savings, but also allows companies to accelerate their application
test and development to bring their products to market much more
The heterogeneous capabilities of Topio
Software also enable users to consolidate all of their DR data onto
a single, reliable, and scalable NetApp platform and use this DR
copy for such business applications as testing and reporting. This
empowers customers to implement a simplified, tiered DR
infrastructure for greater operational efficiencies and lower total
cost of ownership. Customers can now extend DR protection to more
of their enterprise data using less of their IT budgets.
For Network Appliance, the acquisition
continues to expand the NetApp heterogeneous data protection
portfolio. Topio adds heterogeneous DR capabilities to existing
heterogeneous disk-to-disk backup solutions from NetApp, which
NearStore VTL™ for heterogeneous data
Open Systems SnapVault® for remote office
SnapVault® for NetBackup™, a solution jointly engineered with
Symantec and highly optimized for NetBackup in any storage
Topio will also help enable NetApp to build on
its momentum of increasing footprint in the data center with Fibre
Channel SAN by helping accelerate migration of customers using
legacy storage systems onto NetApp SAN storage systems.
The acquisition is expected to close in
December 2006, subject to customary closing conditions. Topio will
be a new business unit within NetApp, and its research and
development team will continue to operate in Haifa, Israel. Topio
is committed to maintaining and furthering its deep relationships
with global enterprise customers.
www.topio.com) provides enterprise-class software
for data replication and rapid recovery across the spectrum of
locations, platforms and storage that support an enterprise.
Worldwide, companies of all sizes depend on Topio for DR, backup
consolidation and data migration and continuous data sharing. Topio
is headquartered in Santa Clara, California and brings its
solutions to market through a combination of global partners.
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 to simplify data management. Information about Network
Appliance™ solutions and services is available at
"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 the anticipated benefits to be obtained
from the Company's acquisition of Topio and the expected timing of
the completion of the acquisition. These forward-looking statements
involve risks and uncertainties, and actual results could vary.
Factors that could impact our ability to achieve our goals include
our ability to successfully integrate Topio operations and products
with the future success of both companies product lines, 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.
Voce Communications for Network Appliance, Inc.
Ph: (408) 822-3287
Network Appliance, Inc.
Ph: (408) 822-6909