DDN Finalizing Acquisition of Tintri, the Leader in Enterprise Virtualization
SANTA CLARA, Calif. & LAS VEGAS--(BUSINESS WIRE)--Aug 29, 2018--DataDirect Networks (DDN®) today announced that it expects to finalize the acquisition of Tintri, Inc. (Tintri) within the next few days. The acquisition will bring immediate support and product continuity to Tintri’s extensive customer base, while significantly boosting DDN’s product portfolio and addressable market. Tintri’s groundbreaking, market-proven virtualization technology and extensive software suite greatly expands DDN’s award-winning line-up of storage products for data-intensive organizations.
With Tintri flying under the DDN banner, DDN broadens its data-at-scale capabilities by adding the most advanced virtualization and analytics software suite for enterprise and hybrid cloud customers. DDN has been active in hiring and building a talented team of support, engineering and field operations professionals to fully support Tintri customers as they rely on Tintri solutions to expand and grow their businesses.
: .@ddn_limitless close to finalizing the acquisition of leading enterprise #virtualization provider @Tintri - http://bit.ly/2MTRnHZ
“We look forward to bringing the exceptional suite of virtualization and analytics products that Tintri has developed over the last decade to enterprise and hybrid cloud organizations around the world,” said Alex Bouzari, Co-founder and CEO of DDN. “Our first order of business is to deliver immediate world-class support to the more than one thousand Tintri customers worldwide. Beyond that, we are thrilled to help businesses achieve significant value and transformational simplicity for their server virtualization, DevOps and VDI needs.”
“The value of Tintri to our business and to our customers’ businesses has been dramatic, with levels of automation and simplicity we couldn’t find anywhere else,” said Mike Shook, CEO of 5S Technologies. “We are very excited to see DDN acquire Tintri. With DDN’s customer-centric approach and long-term commitment, we anticipate a roadmap that will be truly transformational.”
Tintri has long been acclaimed for its innovative technology, recognized repeatedly as a visionary in the Gartner Magic Quadrant for Solid-State Arrays, and valued by its 1,600-strong customer base.
DDN will honor existing support agreements for Tintri customers and is rapidly building a sizeable support organization. In addition, DDN is investing heavily to expand Tintri’s technology roadmap in server virtualization, NVMe, expanded analytics, databases and other important areas.
“We could not be happier to hear that Tintri will continue and thrive as a part of DDN,” said Keith Coker, CEO of GreenCloud. “We have built our world class-cloud offerings on the Tintri platform and are ecstatic to be able to carry on with Tintri by DDN.”
“We are very excited for the opportunity to expand our large Tintri by DDN footprint,” said John Christensen, senior enterprise architect of General Dynamics Information Technology. “Tintri has been and will continue to be instrumental to our global VM deployment.”
The acquisition is expected to close in August 2018. To enable Tintri to focus clearly on the needs of the virtualized customer, it will operate as a separate division within DDN and will have its own sales, support and engineering resources.
DataDirect Networks (DDN) is the world’s leading big data storage supplier to data-intensive, global organizations. For 20 years, DDN has designed, developed, deployed and optimized systems, software and storage solutions that enable enterprises, service providers, universities and government agencies to generate more value and to accelerate time to insight from their data and information, on premise and in the cloud. Organizations leverage the power of DDN storage technology and the deep technical expertise of its team to capture, store, process, analyze, collaborate and distribute data, information and content at the largest scale in the most efficient, reliable and cost-effective manner. DDN customers include many of the world’s leading financial services firms and banks, healthcare and life science organizations, manufacturing and energy companies, government and research facilities, and web and cloud service providers. For more information, go to www.ddn.com or call 1-800-837-2298.
Tintri offers an enterprise cloud infrastructure built on a public-cloud like web services architecture and RESTful APIs. Organizations use Tintri all-flash storage with scale-out and automation as a foundation for their own clouds—to build agile development environments for cloud native applications and to run mission-critical enterprise applications. Tintri enables users to guarantee the performance of their applications, automate common IT tasks to reduce operating expenses, troubleshoot across their infrastructure, and predict an organization’s needs to scale—the underpinnings of a modern data center. That’s why leading cloud service providers and enterprises, including Comcast, Chevron, NASA, Toyota, United Healthcare and 20 percent of the Fortune 100, trust Tintri with enterprise cloud. For more information, visit www.tintri.com and follow us on Twitter: @Tintri.
©2018 All rights reserved. DDN Storage and DDN are trademarks owned by DataDirect Networks. All other trademarks are the property of their respective owners.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180829005706/en/
Sr. Director of Marketing
IGNITE Consulting, on behalf of DDN
Linda Dellett, 303-439-9398
Kathleen Sullivan, 303-439-9365
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA NEVADA
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE NETWORKS SOFTWARE OTHER TECHNOLOGY SECURITY
SOURCE: DataDirect Networks
Copyright Business Wire 2018.
PUB: 08/29/2018 03:25 PM/DISC: 08/29/2018 03:25 PM