Hewlett Packard Enterprise To Purchase Cray in $1.30 Billion Deal

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Published 3 days ago - Duration: 00:32s

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 HPEโ€™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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