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.

Dropbox invests in hosting data inside Australia
Global collaboration platform Dropbox has announced it will now host Australian customer files onshore to support its growing base in the country.
Opinion: Meeting the edge computing challenge
Scale Computing's Alan Conboy discusses the importance of edge computing and the imminent challenges that lie ahead.
Alibaba Cloud discusses past and unveils ‘strategic upgrade’
Alibaba Group's Jeff Zhang spoke about the company’s aim to develop into a more technologically inclusive platform.
Protecting data centres from fire – your options
Chubb's Pierre Thorne discusses the countless potential implications of a data centre outage, and how to avoid them.
Opinion: How SD-WAN changes the game for 5G networks
5G/SD-WAN mobile edge computing and network slicing will enable and drive innovative NFV services, according to Kelly Ahuja, CEO, Versa Networks
TYAN unveils new inference-optimised GPU platforms with NVIDIA T4 accelerators
“TYAN servers with NVIDIA T4 GPUs are designed to excel at all accelerated workloads, including machine learning, deep learning, and virtual desktops.”
AMD delivers data center grunt for Google's new game streaming platform
'By combining our gaming DNA and data center technology leadership with a long-standing commitment to open platforms, AMD provides unique technologies and expertise to enable world-class cloud gaming experiences."
Inspur announces AI edge computing server with NVIDIA GPUs
“The dynamic nature and rapid expansion of AI workloads require an adaptive and optimised set of hardware, software and services for developers to utilise as they build their own solutions."