Data storage company NetApp agreed to buy data backup and disaster recovery systems provider Data Domain for $25 per share in cash and stock, or about $1.5 billion.
NetApp CEO Dan Warmenhoven said during a conference call that there's little overlap between the companies and NetApp will be able to sell more of Data Domain's products overseas.
The companies have Triangle operations. NetApp employs more than 700 at its campus in Research Triangle Park. Data Domain announced plans in 2008 to set up an operations center in Morrisville. Company spokesman Edward Luboja could not say how many workers are at that facility now.