The US Bankruptcy Court gave an order approving the sale of substantially all the assets of Tintri, Inc. on August 29, 2018. The debtor has been authorized to sell substantially all its assets to TI Acquisition Corp., the stalking horse bidder for a purchase price of $60 million consisting of $35 million in cash and assumed liabilities in the amount of $25 million. At the auction held, TI Acquisition Corp., subsidiary of DataDirect Networks, Inc, emerged as the winning bidder by offering a purchase price of $60 million whereas ESW Capital LLC, is selected as back up bidder. Blase Dillingham of Manatt, Phelps & Phillips, LLP acted as legal counsel for the buyer.
Tintri, Inc. is a storage company. The Company provides customized solutions for storing and managing virtual machines in enterprise data centers through its wholly owned subsidiary of DataDirect Networks (DDN). The Companyâs products include VMstore, DDN IntelliFlash and NexentaStor. Its products also include block storage, flash storage, file storage, artificial intelligence (AI) storage, unified storage, monitoring and management, and software-defined storage, including SFA18KX, SFA7990X, SFA200NVX2, SFA400NVX2, EXAScaler, A3I, AI400X2, DDN DataFlow and DDN Insight. The Company's solutions include structured query language (SQL) integrated storage, databases, data protection, DevOps, virtual desktop infrastructure (VDI), virtualization, enterprise AI and industry solutions.
TINTRI, INC. 
