Inside Advanced Scale Challenges|Tuesday, October 17, 2017
  • Subscribe to EnterpriseTech Weekly Updates: Subscribe by email

DDN Storage Named to Elite $1 Billion+ Valuation “Storage Unicorn” List 

SANTA CLARA, Calif., June 13, 2017 -- DataDirect Networks (DDN) today announced that the company has achieved recognition in the prestigious "Storage Unicorns" list. "Storage Unicorns" are private storage companies deemed to have a valuation of $1 billion or more – a statistical rarity of very successful ventures. The list has been compiled by well-respected Condor Consulting Group.

"From the very beginning, our goal at DDN has been to create and deliver the absolute best storage solutions to solve our enterprise, technical computing and now web/cloud customers' most difficult data-management challenges," said DDN CEO and Co-Founder Alex Bouzari. "We are pleased and honored to be recognized as a Storage Unicorn, but we know deep down in our hearts that it is the hard work and unwavering dedication of our employees and the tremendous support of our customers and partners that have made this journey possible. Technology advances in our ever-faster, ever-more-connected world are creating tremendous opportunities for DDN to continue to serve, grow and thrive in the years to come."

The "Storage Unicorn" list is a spin-off of the Global Unicorn Club list and DDN, which continues to be run profitably by its two founders Alex Bouzari and Paul Bloch, is one of a very small number of storage companies to reach Unicorn status in what is a $100 billion storage industry.

"(DDN) is a clear leader in storage for all kinds of high-demand applications; the company was founded in 1998 and is still led by the two same executives," said Condor Consulting's Philippe Nicolas, in a Storage Newsletter article announcing the report. "Finding the right mixture between technology, team and business is a tough journey. And for some executives, it's a utopia they will never realize. On the other hand, a unicorn is about the cream of the cream, an elite group of companies. It illustrates the good sign of investment realized and business successes."

Condor Consulting Group's Storage Unicorn list was published in June 2017 and highlights companies that have reached a $1 billion valuation. In order to produce the list, Condor collected data from various sites such as Crunchbase, PitchBook, CB Insights, the media and investors, in addition to its own formulas and tools. The list will be updated twice each year, in June and December.

About DDN

DataDirect Networks (DDN) is the world's leading big data storage supplier to data-intensive, global organizations. With almost 20 years of experience driving performance at scale, DDN has designed, developed, deployed and optimized 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. Organizations leverage the power of DDN storage technology and the deep technical expertise of its team to capture, store, process, analyze, collaborate and distribute data, information and content at the largest scale in the most efficient, reliable and cost-effective manner. DDN customers include many of the world's leading financial services firms and banks, healthcare and life science organizations, manufacturing and energy companies, government and research facilities, and web and cloud service providers. For more information, go to www.ddn.com or call 1-800-837-2298.


Source: DDN

Add a Comment

Share This