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

socalTECH

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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Logicube Buys IP Rights From Partner

socalTECH

Chatsworth-based Logicube , a developer of hard drive duplication and electronic forensics products, announced this morning that it has acquired the intellectual property behind its CellDEK technology. Financial terms of the acquisition were not disclosed. Tags: logicube hard drive electronic forensics merger acquisition.

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MRV Sells Source Photonics To Francisco Partners

socalTECH

Chatsworth-based MRV Communications said late Tuesday evening that it has sold its Source Photonics unit to private equity firm Francisco Partners. MRV said the move is part of its "strategic shift" away from fiber optic components, and into optical networking products, services, and solutions.

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Cal Net Technology Group Acquires inhouseIT

socalTECH

Chatsworth-based Cal Net Technology Group , a provider of IT support services, has acquired Orange County-based b> inhouseIT , according to Cal Net Technology's investors, including Boathouse Capital and Olympic Valley Capital. Financial terms of the acquisition were not disclosed.

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MRV Sells Tecnonet S.p.A. Unit

socalTECH

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. to Maticmind S.p.A. MRV said it received approximately $21.5M ffor the business unit.