From PC World: Hewlett Packard Enterprise is buying SGI in a $275 million deal that it hopes will give it a major boost in big-data analytics and high-performance computing.
It's the latest surprise development at HPE, which has continued to make big changes since it was formed in the break-up of the old Hewlett-Packard last year.
The deal to buy SGI, announced Thursday, fits with HPE's goal to expand its data analytics business. It will also make HPE a bigger player in high performance computing, a growing part of the server market.
SGI has roughly 1,100 employees worldwide. On Thursday, it reported a net loss for its last fiscal year of $11 million, on revenue of $533 million.
"Not only will the acquisition of SGI strengthen HPE’s position in the high-growth big-data analytic segment, it will also extend our presence in HPC verticals," including government, life sciences, higher education and research, manufacturing and supercomputing, Antonio Neri, head of HPE's Enterprise Group, said in a statement.
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