Network Appliance Acquires Alacritus; Extends Leadership in Disk-Based Backup; Helps Customers Easily Transition to Disk.SUNNYVALE, Calif. -- Network Appliance, Inc. (Nasdaq:NTAP NTAP Network Appliance, Inc. (stock symbol) NTAP Never Take Another Puff NTAP National Track Analysis Program NTAP Notices to Airmen Publication NTAP Windows NT Application Processors NTAP Naval Training Acquisition Process ), a leader in advanced networked storage solutions, today announced that it has entered into a definitive agreement to acquire Alacritus, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based in Pleasanton, California, for approximately $11 million in an all-cash transaction. Alacritus is best known for its Virtual Tape Library A hard disk array that emulates a tape library. A virtual tape library (VTL) enables the storage medium to be switched from tapes to disks while continuing to use the existing tape backup software. See virtual tape system and storage virtualization. (VTL See virtual tape library. ) 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(TM) NearStore(R) 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(R) NearStore and FAS storage systems designed to back up NetApp storage as well as UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). (R) and Windows(R) servers. That solution is certified with backup software from Bakbone, CA, CommVault, Dantz, EMC/Legato, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , 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 Reachable. When something is addressable, it can be identified and manipulated independently of its surroundings. For example, screen pixels and RAM memory are addressable. Each of the screen's picture elements can be individually turned on and off, and each of the memory's bytes can be Storage, Celestra for serverless backup, the Network Data Management Protocol (NDMP (Network Data Management Protocol) An open standard for backing up data in a heterogeneous environment. Developed by Network Appliance and IntelliGuard Software, NDMP uses a common data format which is written to and read from drivers for the specific disk and ) co-developed with NetApp, Third Party Copy, and the first backup and restore tool for networked, UNIX-based environments. More information is available at www.alacritus.com. 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(TM)." Information about Network Appliance solutions and services is available at www.netapp.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. NetApp and NearStore are registered trademarks and Network Appliance and The evolution of storage are trademarks of Network Appliance, Inc. in the U.S. and other countries. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such. |
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