Last month we reported that Tintri was running out of cash. Without liquidity it seems very unlikely that the company will be able to continue (employees like to get paid). Today DataDirect Networks (DDN) announced its has entered into a non-binding letter of intent agreement with Tintri, Inc. to acquire all of their assets.
Companies go under, no matter how well intentioned or innovative. It is a reality in a world where there are so many startups. While this can be a good thing in that it meant others were outcompeting the failed company, thus getting better value to customers. On the flip side this leaves customers and employees of a company like Tintri in a lurch. But just because a company didn’t survive doesn’t mean it is valueless.
DDN intends to enhance its portfolio with the purchase of Tintri’s assets. This would give DDN best in class enterprise virtualization, real time analytics and VM automation. DDN is working with Tintri to develop a pathway that not only benefits them with the above technology, but also helps out Tintri’s customers.
iXsystems has launched the TrueNAS Enterprise H-Series platforms, designed to give organizations ultimate performance. The H10 model is now available,…
Hannover Messe 2024 represents a significant event in the global industrial sector, serving as the world's largest industrial trade fair.…
The IBM Storage Assurance program offers access to the latest FlashSystem hardware and software, supporting investment protection from day one.…
Proxmox Backup Server 3.2 has been released - open-source solution designed for backup of VMs, containers, and physical hosts. (more…)
IBM has unveiled the FlashSystem 5300, setting a new standard for entry-level all-flash storage systems by providing impressive performance, high…
Proxmox Server Solutions has released the latest update to their server virtualization management platform, Proxmox VE 8.2. (more…)