Nasdaq Welcomes Tintri, Inc. (Nasdaq: TNTR) to The Nasdaq Stock Market

NEW YORK, June 30, 2017 (GLOBE NEWSWIRE) -- Tintri, Inc. (Nasdaq:TNTR), a leading provider of enterprise cloud platforms, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.

Tintri CEO Ken Klein before ringing the Nasdaq Stock Market Opening Bell. Tintri CEO Ken Klein pictured with Nasdaq's Jeff Larocque and Nelson Griggs. Tintri CEO Ken Klein rings the Nasdaq Stock Market Opening Bell. The Tintri team rings the Nasdaq Stock Market Opening Bell. The Tintri team celebrates their IPO on the Nasdaq Stock Market in Times Square.

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Tintri offers an enterprise cloud platform that combines cloud management software, web services and all-flash storage systems to offer organizations public cloud agility and automation with the control and economics only available in their data center. Tintri enables organizations to guarantee the performance of their applications, automate common IT tasks to reduce operating expenses, troubleshoot across their infrastructure, and predict an organization's needs to scale.

Today's listing brought the total number of cloud computing IPOs on Nasdaq to 6, representing 43% of all U.S. technology IPOs so far in 2017.

"Cloud technologies are changing how organizations deploy, manage and support the applications that are critical to running their businesses. While public cloud offers many benefits, it doesn't address all the needs of enterprises. To move beyond the conventional IT model, which has been constrained by siloed, costly and inflexible infrastructure, organizations are turning to Tintri enterprise cloud which offers the best of both public and private cloud. That's how we've earned the business and trust of blue-chip customers, including 21 of the Fortune 100 and many of the largest global leaders in financial services, healthcare, manufacturing and technology industries. We're helping those organizations use infrastructure as an advantage—to provide IT as a service, reduce operating expense and speed development," said Ken Klein, Chief Executive Officer and Chairman, Tintri.

"Tintri is a company that embodies trust and support in the demanding world of cloud technology," said Nelson Griggs, Executive Vice President, Head of Global Listings, Nasdaq. "They have continuously shown their strength in the space as other industry-leading organizations use their platform as a foundation for their own private clouds. Nasdaq is proud to welcome Tintri to our family of disruptors, and is excited to see where they can take the industry in the future."

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company or comes from the company's public filings and is not independently verified by Nasdaq.  Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 89 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to 3,800 total listings with a market value of $11 trillion. To learn more, visit: http://business.nasdaq.com.

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