DDN Completes Acquisition of Nexenta

DataDirect Networks, Inc. (DDN) announced the completion of the acquisition of Nexenta Systems, Inc., in SDS for 5G and IoT), creating the Nexenta by DDN division.

The acquisition brings three technology; 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 an impact to the emerging IoT markets.

In 2018 DDN acquired Tintri, and subsequently announced 300% Q/Q revenue growth, robust sales into 2019, and Product Leadership Award recognition by Frost & Sullivan with that division. 

DDN now expands its market reach with Nexenta’s large global customer and partner base along with software-defined technologies and services critical for IoT and 5G markets.

More specifically, the three divisions of DDN now each provide key components for solution suite:
• DDN Storage delivers a powerful and comprehensive AI, big data and data management at scale product portfolio
• Tintri by DDN offers simplicity and control for virtualized environments and enterprise applications
• Nexenta by DDN provides a cost and performance-optimal software-defined data services for enterprises, telcos and SPs with 5G and IoT requirements 

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Leader in SDS [with our comments]
May 6, 2019 | Press Release