HPE to acquire supercomputer leader, Cray, in $1.3bn deal

Source: Cray

Hewlett Packard Enterprise (HPE) announced on May 17, 2019 that it has acquired Cray, a US-based supercomputer manufacturer, in a $1.3 billion cash deal.

Cray, which is based in Seattle, Washington has a number of supercomputers listed on the TOP500, a ranking system of the world’s most powerful computers. The company is also responsible for developing technology in the data storage and analytics fields.

The contract is aimed to improve HPE’s position in the high-performance computing (HPC) market. By combining HPE’s existing offerings with Cray’s technology, HPE intends to design an integrated platform capable of Exascale computing. HPE plans to use Cray’s technology for several Exascale projects, including the development of artificial intelligence (AI) and Machine Learning (ML) tools for its GreenLake portfolio.

“Answers to some of society’s most pressing challenges are buried in massive amounts of data,” said Antonio Neri, President and CEO, HPE. “Only by processing and analyzing this data will we be able to unlock the answers to critical challenges across medicine, climate change, space and more. Cray is a global technology leader in supercomputing and shares our deep commitment to innovation. By combining our world-class teams and technology, we will have the opportunity to drive the next generation of high performance computing and play an important part in advancing the way people live and work.”

Cray recently announced an Exascale supercomputer contract for over $600 million for the U.S. Department of Energy’s Oak Ridge National Laboratory. The system will use Cray’s new Shasta system architecture and Slingshot interconnect capable of handling massive data sets, converged modeling, simulation, AI, and analytics workloads. The system, it is thought, will be the world’s fastest system enabling pioneering research.

“This is an amazing opportunity to bring together Cray’s leading-edge technology and HPE’s wide reach and deep product portfolio, providing customers of all sizes with integrated solutions and unique supercomputing technology to address the full spectrum of their data-intensive needs,” said Peter Ungaro, President and CEO of Cray. “HPE and Cray share a commitment to customer-centric innovation and a vision to create the global leader for the future of high performance computing and AI. On behalf of the Cray Board of Directors, we are pleased to have reached an agreement that we believe maximizes value and are excited for the opportunities that this unique combination will create for both our employees and our customers.”