Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian

DataDirect Networks Stages Bid to Acquire Tintri's Assets and Expand Its Storage Portfolio into the Enterprise


Proposed Asset Acquisition Aims to Provide Tintri Customers with
Support of Their Installed Base and a Strong Long-Term Product Roadmap

DataDirect Networks (DDN®), the world's leading big data storage
supplier to data-intensive, global organizations, today announced that
it has entered into a non-binding letter of intent agreement with
Tintri, Inc. (Tintri) to acquire substantially all the assets of Tintri.

Deployed in thousands of data centers in healthcare, energy,
manufacturing, financial services, academia and research, DDN's data
storage offerings have long been the solution of choice for
organizations with demanding on premise and hybrid cloud needs. DDN's
recent acquisition of Intel's Lustre file system business added the
world's most advanced file system technology to DDN's already
substantial flash, analytics and cloud product portfolio.

"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," said Alex Bouzari,
DDN CEO and Co-Founder. "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."

: .@DDN_Limitless stages bid to acquire @Tintri in
deal that provides continuity of support and long-term roadmap for
Tintri customers -

The proposed transaction would enhance DDN's portfolio by adding best in
class enterprise virtualization, real time analytics and VM automation
to its family of high performance scalable storage solutions.

About DDN

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 or
call 1-800-837-2298.

About Tintri

Tintri (NASDAQ:TNTR) 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 and
follow us on Twitter: @Tintri. Tintri has used, and intends to continue
to use, its Investor Relations website and the Twitter account of
@Tintri as means of disclosing material non-public information and for
complying with its disclosure obligations under Regulation FD.

©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 Comments and Join the Discussion!