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Sep 20, 2019

HPE to acquire supercomputer manufacturer Cray for $1.3 billion

Posted by in category: supercomputing

Hewlett Packard Enterprise has reached an agreement to acquire Cray, the manufacturer of supercomputing systems.

HPE says the acquisition will cost $35 per share, in a transaction valued at approximately $1.3 billion, net of cash.

Antonio Neri, president and CEO, HPE, says: Answers to some of society’s most pressing challenges are buried in massive amounts of data.

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