Network Appliance Completes Acquisition of Topio

NetApp has completed the acquisition of Topio, a privately held Santa Clara, California–based company with R&D in Haifa, Israel. Under the terms of the definitive agreement announced November 8, 2006, Network Appliance acquired Topio for approximately USD 160 million in an all-cash transaction.

According to the statement by the company, NetApp intends to add heterogeneous replication capabilities to its disk-to-disk backup products, including the NearStore Virtual Tape Library (VTL), Open Systems SnapVault for remote office backup and SnapVault for NetBackup, a product jointly engineered with Symantec.

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