Hewlett Packard Enterprise [HPE] has completed its $275 million acquisition of SGI, boosting its capabilities in big data analytics and high performance computing.
HPE said the acquisition enables better support of private and public sector customers that want larger high-performance computing installations, including United States government agencies and enterprises.
“This deal combines SGI’s computing strengths with HPE’s global reach,” Antonio Neri, executive vice president and general manager, Enterprise Group, at HPE, said in a statement. “SGI’s technologies and services will further our position in high-performance computing and give our customers the best of data management capabilities for real-time analytics.”
HPE said that the combined companies will accelerate the development of new solutions in various areas including cyber security for both public and private organizations, weather mapping, genomics research and life sciences.
HPE also said that the high-performance computing segment is $11 billion and is expected to grow between six and eight percent annually during the next five years.
SGI, formerly Silicon Graphics, Inc., has 1,100 employees and had $533 million in sales in its FY ’16.