DataDirect Networks closes in on Tintri rescue

DDN will formalise acquisition of troubled storage vendor 'within the next few days'

DataDirect Networks (DDN) is expecting to complete its acquisition of storage vendor Tintri "within the next few days".

The US storage vendor stepped in last month to acquire Tintri's assets, after the firm ran out of cash.

The troubled company has axed most of its staff and seen its finances dry up in recent months.

DDN plans to bring immediate support and product continuity to Tintri's customers, while using its capabilities to boost its own portfolio.

Alex Bouzari, co-founder and CEO of DDN, said he is looking forward to bringing Tintri's virtualisation and analytics products into the fold.

"Our first order of business is to deliver immediate world-class support to the more than 1,000 Tintri customers worldwide," he said.

"Beyond that, we are thrilled to help businesses achieve significant value and transformational simplicity for their server virtualisation, DevOps and VDI needs."

Tintri will fly under the DDN flag, but will operate as a separate division within DDN and will have its own sales, support and engineering resources.

The vendor has been hiring staff to support Tintri's existing customers.