DataDirect Networks (DDN), a supplier of high-performance data management solutions, has completed the acquisition of cloud data storage firm Tintri for $60m after an extensive bidding process.
DDN was declared the auction winner, followed by court approval and ratification of DDN’s winning bid. Tintri had previously gone bankrupt and DDN declared its interest in acquiring the firm this summer, while also offering channel and customer support around Tintri products.
The new owner's solutions are deployed in thousands of data centres in the healthcare, energy, manufacturing, financial services and academia and research segments. DDN's recent acquisition of Intel’s Lustre file system business added advanced file system technology to the firm's flash, analytics and cloud product portfolio. US-headquartered DDN said the proposed transaction would enhance its portfolio by adding enterprise virtualisation, real time analytics and VM automation to its family of scalable storage solutions.
It said its first order of business was to restart “world-class service and support for Tintri’s extensive installed customer base” and to enhance Tintri’s product roadmap with new features to be announced “within 90 days”. The company says it plans to hire 100 staff to support a new Tintri division before the year end after already taking on a number of former Tintri staff.
Alex Bouzari, co-founder and chief executive officer of DDN, said: “The acquisition strengthens and expands DDN’s position as a leading storage provider for on premise and hybrid cloud environments.
“Tintri offers the best analytics with predictive, efficient and intuitive insight for virtualised environments and databases. Combining these capabilities with DDN’s performance, efficiency and integration at scale for AI, technical computing and the enterprise is incredibly enabling for customers.”
The entire product line is immediately available from “Tintri by DDN”, including the EC6000 and T1000 all-flash arrays and the hybrid flash T800 series. Unified management is provided through Tintri Global Center and real-time and predictive analytics is provided via Tintri Analytics.
Existing Tintri customers include Comcast, Chevron, NASA, Toyota and United Healthcare.
