Hewlett Packard Enterprise (HPE) has signed a deal to acquire computing hardware maker, SGI for approximately
SGI which was founded in 1981 and was originally known as Silicon Graphics has approximately 1,100 employees worldwide, and had revenues of
HPE believes that the explosion of data -- in volume and variety, across all sectors and applications -- is driving organizations to adopt high-end computing systems to run compute-intensive applications and big data workloads that traditional infrastructure solutions cannot handle.
This includes investments in big data analytics to quickly and securely process massive data sets and enable real-time decision making. High-end systems are being used to advance research in weather, genomics and life sciences, and enhance cyber defenses at organizations around the world.
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.
Antonio Neri, EVP and GM,
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.
Jorge Titinger, CEO and President, SGI
The computing power that our solutions deliver can interpret this data to give customers quicker and more actionable insights. Together, HPE and SGI will offer one of the most comprehensive suites of solutions in the industry, which can be brought to market more effectively through HPE's global reach.
