Hewlett Packard Enterprise to buy supercomputer maker Cray in $1.30 billion deal

ronjor · May 17, 2019

May 17, 2019 (Reuters) - Supercomputer manufacturer Cray Inc said on Friday it would be bought by Hewlett Packard Enterprise Co in a deal valued at about $1.30 billion, net of cash.

The $35 per share value represents a premium of 17.4% to Cray’s last close.
HPE said it expects the deal to increase its footprint in federal business and academia, and sell supercomputing products to its commercial clients.
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guest · May 20, 2019

Why did HPE buy Cray?
May 20, 2019
https://www.itpro.co.uk/acquisition/33671/why-did-hpe-buy-cray

It seems HPE does have big plans for Cray spread across many of its business units, based on the company's initial announcement.
GreenLake, HPE's pay-per-use private cloud service, will in the future offer HPC-as-a-Service (HaaS? HPaaS? HPCaas? The possibilities are endless) as well as AI and ML-based analytics.

"Either it's a desperate attempt to create a market they can own and put their name to in an increasingly competitive market, particularly from the Chinese vendors," he said, "or it's a smart strategic move to position itself ready for the next wave of computational demand."
Whichever way the dice fall, more information about the acquisition and where it lies in the grand scheme of things will likely be revealed at HPE's annual Discover conference in mid-June.
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ronjor · May 20, 2019

Cray CEO: “Massive cloud vendors” threatened our long-term survival in supercomputing

by Tom Krazit on May 20, 2019
Cray decided to sell its supercomputing business to HPE for $1.3 billion last week in part because it was worried about the long-term impact of cloud providers like Amazon Web Services and Microsoft on its business, its CEO said in a letter to employees after announcing the deal.
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Hewlett Packard Enterprise to buy supercomputer maker Cray in $1.30 billion deal

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