Rackable Buys SGI Out Of Bankruptcy
Fremont-based Rackable Systems announced this morning that it is acquiring Silicon Graphics, Inc. in a deal worth approximately $25M in cash. According to Rackable, the combined firm will provide customers with hardware and software for the large-scale x86 cluster computing, HPC, Internet, Cloud Computing, large-scale data storage environments and visualization areas. Rackable said the asset purchase came as an Asset Purchase Agreement, as part of the Chapter 11 bankruptcy filing made today by SGI.
posted on Wednesday, April 1, 2009
Related companies:
Rackable
Related stories:
> Rackable Systems Completes $42.5M SGI Acquisition
> Rackable Buys Terrascale
> Rackable Systems Looks To Sell Storage Business
> IntelliBatt Raises $22M For Data Center Power
> Asyst Files For Bankruptcy
silicontap.com Home