Data Domain Files for $100 Million IPO

Data Domain Inc., a Santa Clara, Calif.-based provider of storage appliances for disk-based backup and network-based disaster recovery, has filed for a $100 million IPO. It plans to trade on the Nasdaq under ticker symbol DDUP, with Goldman Sachs and Morgan Stanley serving as co-lead underwriters. Data Domain has raised around $41 million in VC funding since 2002, from firms like Greylock Partners (30.3% pre-IPO stake), New Enterprise Associates (28.9%), Sutter Hill Ventures (16.8%) and HRJ Capital.