The CEO of Hewlett Packard Enterprise explains how its $1.3 billion acquisition of Cray fits into the master plan — and why it could give it a boost with government customers (HPE, CRAY, AMZN, MSFT)

Credit: Business Insider- Published 1 week ago
· Hewlett Packard Enterprise CEO Antonio Neri told Business Insider that the $1.3 billion deal to buy legendary supercomputer manufacturer Cray will boost HPE's strategy in the corporate tech market.
· He said the acquisition would also enhance HPE's position in the government market, where it has often lost to Cray.

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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Shares of Cray Inc (NASDAQ:CRAY) surged after the supercomputer developer announced an agreement to be acquired by Hewlett Packard Enterprise Company (NYSE:HPE)...
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