HPE Buying Silicon Graphics in Deal Valued at $275 Million

Hewlett Packard Enterprise is buying Silicon Graphics International Corp. for about $275 million in cash, adding high-performance computing capabilities that improve data analytics.

HPE expects the deal to be neutral to earnings in the first full year and will add to profit thereafter, the companies said Thursday in a statement. SGI, whose machines helped create advanced computer-generated images for Hollywood movies in the 1990s, brings products that aid customers with computing, data analytics and data management.

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Posted in acquisitions, HP, HPE, Industry.