HPE buys SGI to beef up big data analytics

Staff writer
25 Aug 2016
00:00
News
Daily News

Hewlett Packard Enterprise (HPE) has signed a definitive agreement to acquire SGI for $275 million to bolster its capabilities in big data analytics and high-performance computing.

SGI products and services are used for high-performance computing and big data analytics in the scientific, technical, business and government communities to solve challenging data-intensive computing, data management and virtualization problems.

The company has approximately 1,100 employees worldwide, and had revenues of $533 million in fiscal 2016.

"SGI's innovative technologies and services, including its best-in-class big data analytics and high-performance computing solutions, complement HPE's proven data center solutions designed to create business insight and accelerate time to value for customers," said Antonio Neri, EVP and general manager of enterprise group at HPE.

SGI's highly complementary portfolio, including its in-memory high-performance data analytics technology, will extend and strengthen HPE's current leadership position in the growing mission critical and high-performance computing segments of the server market.

The combined HPE and SGI portfolio, including a comprehensive services capability, will support private and public sector customers seeking larger supercomputer installations, including US federal agencies as well enterprises looking to leverage high-performance computing for business insights and a competitive edge.

HPE and SGI believe that by combining complementary product portfolios and go-to-market approaches they will be able to strengthen the leading position and financial performance of the combined business.

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