HPE to buy supercomputer maker Cray for US$1.3bn

By on
HPE to buy supercomputer maker Cray for US$1.3bn

Bid to bolster footprint in government, academia.

Supercomputer manufacturer Cray Inc said on Friday it would be bought by Hewlett Packard Enterprise Co in a deal valued at about US$1.30 billion, net of cash. The US$35 per share value represents a premium of 17.4 percent to Cray's last close. HPE said it expects the deal to increase its ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
cray finance hardware hewlett packard enterprise hpe software supercomputing

Most Read Articles

Massive CBA outage traced to failed infrastructure upgrade

Massive CBA outage traced to failed infrastructure upgrade
Telstra says Australia would have gotten 100Mbps without NBN

Telstra says Australia would have gotten 100Mbps without NBN
Border Force autopsy reveals cause of IT outage at Aussie airports

Border Force autopsy reveals cause of IT outage at Aussie airports
Inside Dexus' plush new corporate co-working digs

Inside Dexus' plush new corporate co-working digs
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Your Microsoft Security journey starts here
Your Microsoft Security journey starts here
Is your AWS framework well-architected?
Is your AWS framework well-architected?
Why you should reassess your cybersecurity posture
Why you should reassess your cybersecurity posture
How will you manage the cloud data deluge?
How will you manage the cloud data deluge?
Follow these steps to prevent targeted attacks
Follow these steps to prevent targeted attacks

Events

Log In

Username / Email:
Password:
  |  Forgot your password?