Teeth make smiles, and smiles make sales - Unidentified Harrods person in Alan Sugar's The Apprentice
HIGH PERFORMANCE COMPUTING VENDOR Cray has bought server outfit Appro for $25m.
Back in April Cray sold its interconnect business to Intel and now the firm has gone on to spend some of that cash by buying server and high performance computing (HPC) vendor Appro. Cray announced that it paid $25m for Appro with $3.5m of that as working capital.
As part of Cray's purchase, Appro CEO Deniel Kim will become head of Cray's Cluster Solutions business that will flog Appro kit under Cray's brand. Cray will also absorb 90 Appro employees.
Cray CEO and president Peter Ungaro said, "Cray has always been a company with a singular focus on the high performance computing market, and with this acquisition, we have strengthened that commitment and will now be positioned to expand our portfolio of highly innovative supercomputing solutions. Appro is one of the market leaders in HPC cluster solutions, and this acquisition is another step forward as we continue to transform Cray into a company that provides world-class offerings to customers across all segments of the supercomputing market, including Big Data. I look forward to welcoming all our new Cray colleagues in this exciting moment for our company - positioning us well for accelerated growth into the future."
While Appro might not be held in the same high regard as Cray in the HPC market, it is still the third most popular HPC vendor in the soon to be updated Top 500 list. Cray on the other hand has taken the top spot in the latest Top 500 list with the Titan cluster and recently launched its next generation XC30 cluster codenamed Cascade.
Appro's product range includes HPC and standard servers, and offers Cray a presence in the server market that is becoming increasingly reliance on interconnect for overall system performance, a crucial performance factor in HPC for decades. That Cray managed to snap up Appro for $25m including working capital but no debt seems something of a bargain.
Cray said that it expects the deal to close within a matter of days or weeks. µ
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