HP Enterprise acquires supercomputer maker Cray in the race to ‘exascale’ performance

Credit: The Verge- Published 1 week ago
Hewlett Packard Enterprise, not to be confused with the personal computing brand from which it split in 2015, said today that it acquired Cray, an iconic maker of supercomputers with a rich history in the computing industry. The deal is said to be valued at $1.4 billion.

Cray, which was founded in 1972 by “the father of...

Credit: Wochit Business
Published 1 week ago -  00:32
Hewlett Packard Enterprise To Purchase Cray in $1.30 Billion Deal
Reuters reports that Hewlett Packard Enterprise Co will purchase supercomputer manufacturer Cray Inc. The deal was announced on Friday by Cray and is valued at approximately $1.30 billion, net of cash. The purchase is expected to close by the first quarter of HPE’s fiscal year 2020. Hewlett Packard Enterprises said it expects the deal to increase its footprint in federal business and academia, as well as selling supercomputing products to its commercial clients.

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