DataDirect Networks (DDN) has announced that it has entered into a non-binding letter of intent agreement with Tintri, (Tintri) to acquire the company’s assets.
‘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 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 proposed transaction would enhance DDN’s portfolio by adding best in class enterprise virtualisation, real-time analytics and VM automation to its family of high performance scalable storage solutions.