Market Overview

DDN Finalizing Acquisition of Tintri, the Leader in Enterprise Virtualization

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DDN Acquisition Brings Immediate Support to Tintri's Global Installed
Base and Greatly Expands DDN's Footprint in Enterprise, Hybrid Cloud,
Virtualization and Database Markets

DataDirect Networks (DDN®) today announced that it expects to finalize
the acquisition of Tintri, Inc. (Tintri) within the next few days. The
acquisition will bring immediate support and product continuity to
Tintri's extensive customer base, while significantly boosting DDN's
product portfolio and addressable market. Tintri's groundbreaking,
market-proven virtualization technology and extensive software suite
greatly expands DDN's award-winning line-up of storage products for
data-intensive organizations.

With Tintri flying under the DDN banner, DDN broadens its data-at-scale
capabilities by adding the most advanced virtualization and analytics
software suite for enterprise and hybrid cloud customers. DDN has been
active in hiring and building a talented team of support, engineering
and field operations professionals to fully support Tintri customers as
they rely on Tintri solutions to expand and grow their businesses.

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"We look forward to bringing the exceptional suite of virtualization and
analytics products that Tintri has developed over the last decade to
enterprise and hybrid cloud organizations around the world," said Alex
Bouzari, Co-founder and CEO of DDN. "Our first order of business is to
deliver immediate world-class support to the more than one thousand
Tintri customers worldwide. Beyond that, we are thrilled to help
businesses achieve significant value and transformational simplicity for
their server virtualization, DevOps and VDI needs."

"The value of Tintri to our business and to our customers' businesses
has been dramatic, with levels of automation and simplicity we couldn't
find anywhere else," said Mike Shook, CEO of 5S Technologies. "We are
very excited to see DDN acquire Tintri. With DDN's customer-centric
approach and long-term commitment, we anticipate a roadmap that will be
truly transformational."

Tintri has long been acclaimed for its innovative technology, recognized
repeatedly as a visionary in the Gartner Magic Quadrant for Solid-State
Arrays, and valued by its 1,600-strong customer base.

DDN will honor existing support agreements for Tintri customers and is
rapidly building a sizeable support organization. In addition, DDN is
investing heavily to expand Tintri's technology roadmap in server
virtualization, NVMe, expanded analytics, databases and other important
areas.

"We could not be happier to hear that Tintri will continue and thrive as
a part of DDN," said Keith Coker, CEO of GreenCloud. "We have built our
world class-cloud offerings on the Tintri platform and are ecstatic to
be able to carry on with Tintri by DDN."

"We are very excited for the opportunity to expand our large Tintri by
DDN footprint," said John Christensen, senior enterprise architect of
General Dynamics Information Technology. "Tintri has been and will
continue to be instrumental to our global VM deployment."

The acquisition is expected to close in August 2018. To enable Tintri to
focus clearly on the needs of the virtualized customer, it will operate
as a separate division within DDN and will have its own sales, support
and engineering resources.

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 www.ddn.com or
call 1-800-837-2298.

About Tintri

Tintri 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 www.tintri.com
and follow us on Twitter: @Tintri.

©2018 All rights reserved. DDN Storage and DDN are trademarks owned
by DataDirect Networks. All other trademarks are the property of their
respective owners.

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