HP Enterprise Buys SGI : Its All About Scale Out and Scale Up Big Data Analytics

Hewlett Packard Enterprise (HPE) announced that it will acquire SGI, a SIlicon Valley company that is known for its high performance solutions for compute, data analytics, and data management. HPE will pay $7.75 per share in cash and the total transaction is valued at approximately $275 million. SGI’s FY2016 revenue was $533 million and came from high-performance computing (HPC) and big data analytics applications […]

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