EMC said it has acquired majority ownership of Data Domain and will complete the purchase at the end of July. EMC also outlined where Data Domain will fit in the storage giant's lineup.
EMC, which outbid NetApp for Data Domain, said it now controls 82.1 percent of Data Domain shares after a tender offer.
In a statement, EMC said that Data Domain will lead a division focused on the latest disk-based backup, recovery and archive products. Data Domain CEO Frank Slootman will lead the division and report to Joe Tucci, EMC's Chairman and CEO, and Frank Hauck, executive vice president in charge of EMC's storage business.
EMC also said it plans to increase its investment in the division and build complementary technologies around it. EMC added that it expects the unit to continue to grow at double digit rates and hit $1 billion in revenue in 2010.