Virtualization Technology News and Information
DDN's Turnaround of Tintri Wins Information Technology Deal of the Year Award

DataDirect Networks (DDN) today announced that its successful acquisition of Tintri was selected as the Information Technology Deal of the Year in The M&A Advisor's prestigious 13th Annual Turnaround Awards. The Annual M&A Advisor Turnaround Awards recognize the leading distressed M&A transactions, restructuring, refinancing, products and services, firms, and professionals in the United States and international markets. Nominations represented more than 275 participating companies and were judged by an independent jury of industry experts. The awards will be presented to the winners at a gala reception on March 28, 2019, at The Colony Hotel in Palm Beach, Florida.

DDN acquired Tintri in the summer of 2018 to expand its footprint in enterprise IT, gaining the industry's leading data insight, automation and virtualized environment management solutions. The newly created Tintri by DDN division has heavily invested in rebuilding an expanded worldwide service and support infrastructure, and staffing engineering and customer-facing functions. These efforts have greatly improved customer satisfaction and have delivered revenue growth that exceeded expectations in its first full quarter of operation.

"We are honored that The M&A Advisor has recognized our acquisition and turnaround of Tintri with its prestigious Information Technology Deal of the Year award," said Alex Bouzari, co-founder and chief executive officer of DDN. "Combining Tintri's incredibly enthusiastic customers, talented team, compelling technology and half-billion-dollar installed base along with our significant investment commitment provides the ideal foundation to deliver the highest level of customer satisfaction for enterprise IT customers as well as successful growth for years to come."

Tintri by DDN continues to invest heavily in establishing new levels of world-class customer support and engineering. With strong revenue growth and rapid staffing across all functional areas, the organization continues its swift expansion phase, which will mark a flurry of activity throughout 2019 including the release of a highly expanded data insight and automation capability for enterprise IT virtualized environments code-named "Mystic."

Published Tuesday, January 22, 2019 9:23 AM by David Marshall
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