Story image

DDN finalises acquisition agreement for bankrupt Tintri

31 Jul 2018

After stepping in at the final hour to salvage the Tintri trainwreck, Data Direct Networks (DDN) has finalised a new reseller agreement.

After being in financial trouble since late last year with announcements of various cases of staff redundancies and the CEO stepping down this year, Tintri filed for a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in July.

On the day of its bankruptcy, however, DDN announced that it had entered into a non-binding letter of intent agreement to acquire substantially all the assets of Tintri.

“DDN is working with Tintri’s co-founders, team members, advisors and creditors to develop a winning plan designed to provide Tintri’s customers with continuity in support of their installed base as well as a winning roadmap for their long-term requirements,” DDN CEO and co-founder Alex Bouzari said at the time.

And now that the agreement has been finalised, DDN will be able to provide Tintri customers with products, services, and system expansion for their Tintri platforms. At the same time, DDN has been moving at warp speed to build a new team with hires in engineering, support, customer service, field technical engineering, and sales to set the Tintri ship sailing and maintain continuity to customers around the world.

“We are delighted to be able to provide immediate support to Tintri customers worldwide,” says Bouzari.

“DDN’s 20-year track record of stellar customer satisfaction plus Tintri’s outstanding technology for virtual environments is the perfect match. Tintri end users, resellers, VARs and distributors worldwide can now fully rely on DDN to support their business and mission-critical enterprise environments.”

DDN’s storage solutions are currently situated in thousands of data centres across the globe with the goal to meet both on-prem and hybrid cloud demands. The company’s recent acquisition of Intel’s Lustre file system business bolstered DDN’s flash, analytics, and cloud product portfolio, and the company is confident Tintri will be a valuable addition.

Server Technology beats out competition at DCS Awards
Server Technology has taken out the top spot for the Data Centre PDU Innovation of the Year at the DCS Awards.
LogRhythm releases cloud-based SIEM solution
LogRhythm Cloud provides the same feature set and user experience as its on-prem experience.
IGEL & ControlUp bring analytics to endpoints everywhere
The strategic partnership allows IGEL to integrate with ControlUp’s real-time monitoring and analytics capabilities via the IGEL Universal Management Suite (UMS).
Nutanix evolves multicloud offerings
Nutanix has expanded its multicloud solutions portfolio to further evolve its offerings across public and private cloud.
Bluzelle launches data delivery network to futureproof the edge
“Currently applications are limited to data caching technologies that require complex configuration and management of 10+ year old technology constrained to a few data centers."
Exploring the different needs for cloud services across Europe
Although digital transformation is happening across Europe, each country continues to have its own IT needs and the different cloud markets highlight this.
Trend Micro introduces cloud and container workload security offering
Container security capabilities added to Trend Micro Deep Security have elevated protection across the DevOps lifecycle and runtime stack.
Veeam joins the ranks of $1bil-revenue software companies
It’s also marked a milestone of 350,000 customers and outlined how it will begin the next stage of its growth.