HPE: buys US supercomputer maker Cray
(CercleFinance.com) - US IT company Hewlett Packard Enterprise has agreed to buy Cray, a maker of supercomputers, in a deal worth approximately 1.
3 billion dollars.
HPE, created from the breakup of computing giant Hewlett-Packard, said Cray's supercomputing can handle massive data for simulation, AI, and analytics workloads.
The move comes as the high performance computing market is expected to grow from approximately 28 billion dollars in 2018 to approximately 35 billion dollars in 2021.
Founded in 1972 and headquartered in Seattle, Cray has approximately 1,300 employees worldwide and delivered revenue of 450 million dollars in its most recent fiscal year, up 16% year-on-year.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
3 billion dollars.
HPE, created from the breakup of computing giant Hewlett-Packard, said Cray's supercomputing can handle massive data for simulation, AI, and analytics workloads.
The move comes as the high performance computing market is expected to grow from approximately 28 billion dollars in 2018 to approximately 35 billion dollars in 2021.
Founded in 1972 and headquartered in Seattle, Cray has approximately 1,300 employees worldwide and delivered revenue of 450 million dollars in its most recent fiscal year, up 16% year-on-year.
Copyright (c) 2019 CercleFinance.com. All rights reserved.