DDN completes Nexenta acquisition
FYI, this story is more than a year old
DataDirect Networks (DDN) announced the successful completion of the acquisition of Nexenta, a 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 holds a suite of products, solutions, and services that aim to enable AI and multi-cloud to deliver the greatest impact on 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.
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 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 virtualised 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.
DDN is one of the world’s leading big data storage suppliers to data-intensive, global organisations.
For more than 20 years, DDN has designed, developed, deployed and optimised systems, software and storage solutions that enable enterprises, service providers, universities and government agencies to generate more value and to accelerate time to insight from their data and information, on-premise and in the cloud.
Organisations leverage the power of DDN storage technology and the technical expertise of its team to capture, store, process, analyse, collaborate and distribute data, information and content at the largest scale in an efficient, reliable and cost-effective manner.