Hewlett Packard Enterprise Completes Acquisition of SGI
On November 1, 2016, Hewlett Packard Enterprise (HPE) announced that it has completed its acquisition of SGI, a global leader in high performance solutions for compute, data analytics and data management, for $7.75 per share in cash.
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 U.S. federal agencies as well as enterprises looking to leverage high-performance computing for business insights and a competitive edge.
SGI products and services are used for high-performance computing (HPC) 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.
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. The combined HPE and SGI portfolio will accelerate the development of new solutions in fields such as weather mapping, genomics research, life sciences, and cybersecurity for both public and private organizations.
This site provides additional information on the transaction and related documents.