Cloud Computing: Hewlett Packard Enterprise Just Spent Millions on This Supercomputer Maker
August 12, 2016
Grazed from Fortune. Author: Jonathan Vanian.
It’s all about the data. Hewlett Packard Enterprise isn’t slimming today. The business technology giant said Thursday that it will buy computing hardware maker SGI for roughly $275 million. HPE said the deal should close in the first quarter of its fiscal 2017 as long as regulators approve it.
For the past several months, HPE has been slicing off chunks of its business it no longer wants, like a majority stake in the Indian outsourcing subsidiary Mphasis it sold for $825 million in April, and an IT services business group it spun out and merged with Computer Sciences in May to form a new joint venture…
Rumors then percolated in July that HPE was looking to continue selling off unwanted businesses—like a software unit it inherited from its 2011 acquisition of business software company Autonomy—to private equity firms, and that some private equity firms were thinking of buying the entirety of HPE…
Read more from the source @ http://fortune.com/2016/08/11/hewlett-packard-enterprise-sgi-supercomputer/