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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. DDN said that division will be run by DDN's Senior VP, Robert Triendl. READ MORE>>.
Chatsworth-based DDN, which develops high performance computing storage and artificial intelligence and data management software, says it had record breaking annual revenues of $400M and "highest ever profitability" in 2020. The company said it saw 52 percent revenue growth from 2018 to 2020.
Chatsworth-based data storage hardware developer DDN, which develops data storage for the high performance computing market, is taking aim at the artificial intelligence (AI) area. DDN said the new lab will be used by customers and partners to build "AI-led solutions at scale". Financial details of the link were not announced.
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