HPE buys supercomputing firm Cray for $1.4 billion

Hewlett Packard Enterprise (HPE) has completed the acquisition of supercomputing firm Cray, in a transaction valued at approximately $1.4 billion.
The high performance computing (HPC) market and associated storage and services is expected to grow from approximately $28 billion in 2018 to approximately $35 billion in 2021.

The combination of HPE and Cray is expected to deliver significant customer benefits and future offerings.

“Bringing together Cray and HPE establishes the most comprehensive end-to-end portfolio across compute, storage, software and services in the fast-growing high performance computing and artificial intelligence market segments,” said Phil Davis, president, Hybrid IT, Hewlett Packard Enterprise.

Cray president and CEO Peter Ungaro will join HPE as head of the HPC and AI business unit in Hybrid IT.

The Department of Energy has selected Cray’s Shasta supercomputing systems and Slingshot interconnect for the first three exascale systems in the United States. Cray has generated more than $1.5 billion in bookings to date for its new Shasta supercomputing systems.

HPE recently announced a four-year deal between HPE and NASA’s Ames Research Center to build a new supercomputer, based on the HPE SGI 8600 system.

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