Data Domain pumps up capacity for IPO


Data Domain pumps up capacity for IPO

Filed under: Google (GOOG), International Business Machines (IBM), Morgan Stanley (MS), EMC Corp (EMC), Symantec Corp (SYMC)Data Domain is certainly in a hyper-growth mode. The company develops back-up systems to help with disaster recovery. With critical data going increasing digital, this is becoming a "must have" for companies.Another sign of success: the company filed for its IPO today.Backup systems can be expensive, but Data Domain has a very efficient approach. Other nice features: ease of use and compatibility with enterprise backup systems, such as from EMC (NYSE: EMC), IBM (NYSE: IBM) and Symantec (NASDAQ: SYMC).Over the past two years, Data Domain's revenues have skyrocketed from $8.1 million to $46.4 million. However, the company lost $4 million in 2006.And the market for Data Domain looks very promising. A report ...

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