DataDirect
Networks (DDN), the global leader in artificial intelligence (AI) and
multi-cloud data management, announced the successful completion
of the acquisition of Nexenta, the market leader in Software Defined
Storage (SDS) for 5G and Internet
of Things (IoT), creating the Nexenta by DDN division.
The acquisition
brings three technology powerhouses together; DDN Storage, Tintri by
DDN and now Nexenta by DDN, for the benefit of its customers' AI and
multi-cloud data strategies. DDN now holds a suite of
products, solutions, and services that enable AI and multi-cloud to
deliver the greatest impact to the emerging IoT markets.
In 2018 DDN acquired
Tintri, and subsequently announced 300% quarter over quarter revenue
growth, robust sales into 2019, and Product Leadership Award recognition
by Frost & Sullivan with that division. Today,
DDN further expands its market reach with Nexenta's large global
customer and partner base along with award-winning software defined
technologies and services critical for IoT and 5G markets.
More specifically, the three divisions of DDN now each provide key components for DDN's industry leading solution suite:
- DDN Storage delivers the world's most powerful and comprehensive AI, big data and data management at scale product portfolio
- Tintri by DDN offers the ultimate in simplicity and control for virtualized environments and enterprise applications
- Nexenta by DDN provides the most cost and performance-optimal software-defined data services for enterprises, telcos and SPs with 5G and
IoT requirements