Story image

DDN steps in at final hour to salvage Tintri trainwreck

11 Jul 2018

DataDirect Networks has made a bid to acquire Tintri’s assets and bring the company back from the brink.

Tintri has been in trouble since late last year and since then has been hurtling towards extinction with various cases of staff redundancies and the CEO stepping down earlier this year.

Tintri filed for bankruptcy in the US today with the Chapter 11 files made available to the public.

However, DataDirect Networks (DDN) today announced that it has entered into a ‘non-binding letter of intent agreement with Tintri 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,” says DDN CEO and co-founder Alex Bouzari.

“Tintri’s industry leading all flash scale out and automation enterprise storage solutions have been successfully deployed in more than a thousand companies, including 20 of the Top Fortune 100. They are essential tools to help organizations build agile development environments for cloud native applications and run mission-critical enterprise applications better than ever before.”

The company asserts its intentions behind the proposed asset acquisition is to provide Tintri customers with support of their installed base and a strong long-term product roadmap.

DDN’s data storage offerings are currently employed in thousands of data centers around the world 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’s addition will enhance it further.

We'll keep you updated as to how the acquisition bid goes.

Microsoft appoints new commercial and partner business director
Bowden already has almost a decade of Microsoft relationship management experience under her belt, having joined the business in 2010.
Zoom’s new Rooms and Meetings features
Zoom has released information about the upcoming releases for its Rooms and Meeting offerings for 2019.
Aussie company set to democratise direct-to-orbit IoT access
Adelaide-based Myriota has released a developer toolkit that has been trialled and tested by a smart waste management platform.
Apple's AirPods now come with 'Hey Siri' functionality
The new AirPods come with a standard case or a Wireless Charging Case that holds additional charges for more than 24 hours of listening time.
Dynatrace takes pole position in APM Magic Quadrant
It placed highest on Ability to Execute and furthest on Completeness of Vision in the 2019 Quadrant for Application Performance Monitoring (APM).
HCL and Xerox expand strategic partnership
Under the terms of the agreement, HCL will manage portions of Xerox’s shared services, including global administrative and support functions.
Avaya expands integration with Google Cloud AI
This includes embedding Google’s machine learning within conversation services for the contact centre, enabling integration of AI capabilities.
Forrester names Crowdstrike leader in incident response
The report provides an in-depth evaluation of the top 15 IR service providers across 11 criteria.