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

Sponsored Whitepapers

10 questions to ask before you select a Network Performance Management tool
10 questions to ask before you select a Network Performance Management tool
Innovate faster. Why accelerating change is a CIO's biggest challenge.
Innovate faster. Why accelerating change is a CIO's biggest challenge.
Unlock faster time-to-revenue using Adobe digital document processes
Unlock faster time-to-revenue using Adobe digital document processes
How Security as Code changes development and deployment for the cloud
How Security as Code changes development and deployment for the cloud
Tackle new ITSM priorities with this seven-step Micro Focus guide
Tackle new ITSM priorities with this seven-step Micro Focus guide

Events

Most Read Articles

AWS cautions gov against rushing in more cyber security regulations

AWS cautions gov against rushing in more cyber security regulations
Australia Post trials running post office processes on a smartphone

Australia Post trials running post office processes on a smartphone
Telstra 'gamifies' cloud cost reduction efforts among internal teams

Telstra 'gamifies' cloud cost reduction efforts among internal teams
CBA to treat its software like "food in the fridge"

CBA to treat its software like "food in the fridge"

Digital Nation

Next generation of Digital Giants growing faster than the originals: Ray Wang
Next generation of Digital Giants growing faster than the originals: Ray Wang
Expect dramatic value chain disruptions every four years: McKinsey Global Institute
Expect dramatic value chain disruptions every four years: McKinsey Global Institute
HR platform consolidation unlocks the value of data at Aurecon
HR platform consolidation unlocks the value of data at Aurecon
COVER STORY: Data centre sustainability scrutiny puts emissions in the spotlight
COVER STORY: Data centre sustainability scrutiny puts emissions in the spotlight
Digital leaders master collaboration, reskilling and culture: Didier Bonnet
Digital leaders master collaboration, reskilling and culture: Didier Bonnet

Log In

Email:
Password:
  |  Forgot your password?