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DDN Closing In On Acquisition Of Tintri

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DataDirect Networks , the developer of high performance computing (HPC) and enterprise storage products, says it expects to finalize its acquisition of data storage array maker Tintri , in what it says is "the next few days". DDN says it expects the acquisition to close this month. Alex Bouzari is co-founder and CEO of DDN.

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DDN Completes Acquisition Of Tintri, Pays $60M For Bankrupt Data Storage Firm

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DataDirect Networks , which develops high performance data storage for the enterprise and high-performance-computing (HPC) market, has completed its acquisition of Tintri , the bankrupt flash data storage developer. DDN--which has major operations in Chatsworth, but calls Santa Clara its headquarters--said it paid $60M for Tintri.

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DDN Acquires Intel's Lustre File System Business

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Chatsworth-based DataDirect Networks (DDN), which develops data storage equipment and software, has acquired the Lustre File System business from Intel , according to DDN late Sunday evening. Financial details of the acquisition were not announced.

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DataDirect Networks In Play?

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Chatsworth-based DataDirect Networks , a developer of data storage arrays for the high performance computing (HPC) market, appears to be in the midst of a possible acquisition deal, according to documents uncovered by PEhub. READ MORE>>.

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DataDirect Networks Snags HP Vet

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Chatsworth-based DataDirect Networks , the developer of storage arrays led by Alex Bouzari, said today that it has added former HP Fellow and Information Optimization CTO Jean-Luc Chatelain as its EVP Strategy and Technology. DataDirect said that Chatelain will head up expansion of the firm's product portfolio. READ MORE>>.

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MRV Sells Tecnonet S.p.A. Unit

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Chatsworth-based MRV Communications , which designs and manufactures optical networking equipment, said late Monday afternoon that it has closed its sale of Tecnonet S.p.A. Its Italian subsidiary provided network integration services. MRV said the sale will let it focus all of its energy on its network equipment business.

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MRV Gets More From Tecnonet Sale

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Chatsworth-based optical networking equipment provider MRV Communications said the price of its sale of Tecnonet S.p.A. has increased, and that it has received an additional $4.8M in the sale. The deal now amounts to $26.4M. According to MRV, the payment relates to an intercompany obligation.

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