Silicon Graphics International

Last updated

Silicon Graphics International Corp.
TypePublic
Nasdaq: RACK
Nasdaq: SGI
IndustryDiversified computer systems
Founded1982;40 years ago (1982), San Jose, California (Rackable Systems, Inc.)
DefunctNovember 1, 2016;6 years ago (2016-11-01)
FateAcquired by Hewlett Packard Enterprise
Headquarters
Milpitas, California
,
U.S.
Key people
Jorge Titinger, President and CEO
Cassio Conceicao, Executive Vice President and COO
Eng Lim Goh, CTO
Bob Nikl, CFO
ProductsHigh performance computing, big data analytics, petascale storage solutions
ServicesProfessional and managed services
Website www.sgi.com

Silicon Graphics International Corp. (SGI; formerly Rackable Systems, Inc.) was an American manufacturer of computer hardware and software, including high-performance computing systems, x86-based servers for datacenter deployment, and visualization products. The company was founded as Rackable Systems in 1999, but adopted the "SGI" name in 2009 after acquiring Silicon Graphics Inc. out of bankruptcy.

Contents

On November 1, 2016, Hewlett Packard Enterprise completed its acquisition of SGI for $275 million. [1] [2]

History

Rackable Systems, Inc. era

Rackable Systems Inc. went public in June 2005, with 6.25 million shares offered at $12 per share. [3]

In 2006, Rackable announced it had signed an agreement to acquire Terrascale Technologies, Inc. [4]

On April 1, 2009, Rackable announced an agreement to acquire Silicon Graphics, Inc. for $25 million. [5] The purchase, ultimately for $42.5 million, was finalized on May 11, 2009; at the same time, Rackable announced their adoption of "SGI" as their global name and brand. [6] [7] The following week, the company changed their NASDAQ stock ticker symbol from "RACK" to "SGI". [8]

Silicon Graphics International Corp. era

The "new" SGI began with two main product lines: servers and storage continuing from the original Rackable Systems; and servers, storage, visualization and professional services acquired from Silicon Graphics, Inc. At the time of the acquisition's completion, SGI said that they anticipated the survival of the majority of the two companies' product lines, although some consolidation was likely in areas of high overlap between products. [9]

In 2010, SGI announced the purchase of all the assets and assumed a limited amount of liabilities of COPAN Systems. COPAN was a provider of storage archive products for real-time access to long-term persistent data. [10] COPAN products were offered as part of the SGI storage line. [11]

In 2011, SGI acquired all outstanding shares of SGI Japan, Ltd. [12] The same year, the company announced the acquisition of OpenCFD Ltd. [13] In December, the company announced Mark J. Barrenechea's resignation as president, chief executive officer and member of the board of directors. [14] Mark was reported to join Open Text Corporation. [15] Shortly thereafter, it was announced that Barrenechea had agreed to continue to serve on the SGI board. [16]

In February 2012, it was announced that Jorge Luis Titinger would become SGI's president and chief executive officer. [17] [18]

In 2013 SGI acquired FileTek, Inc. [19] [20]

On August 11, 2016, it was announced that Hewlett Packard Enterprise would acquire SGI for $7.75 per share in cash, a transaction valued at approximately $275 million, net of cash and debt. The deal was completed on November 1, 2016. [1] [21] [2]

See also

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References

  1. 1 2 "Hewlett Packard Enterprise to Acquire SGI to Extend Leadership in High-Growth Big Data Analytics and High-Performance Computing" (Press release). Hewlett Packard Enterprise. August 11, 2016. Archived from the original on September 11, 2016. Retrieved August 11, 2016.
  2. 1 2 "Hewlett Packard Enterprise Completes Acquisition of SGI" (Press release). Hewlett Packard Enterprise. November 1, 2016. Archived from the original on November 3, 2016. Retrieved November 1, 2016.
  3. ↑ Ashlee Vance (June 10, 2005). "RACK goes Nasdaq with humble IPO". The Register . Retrieved March 7, 2018.
  4. ↑ Rackable Systems, Inc. Announces Agreement to Acquire Terrascale Technologies, Inc.
  5. ↑ "Rackable Systems Announces Agreement to Acquire Silicon Graphics Inc" (Press release). Rackable Systems. April 1, 2009. Retrieved August 11, 2016.
  6. ↑ "Rackable Systems Completes Acquisition of Silicon Graphics Assets" (Press release). Rackable Systems. May 11, 2009. Retrieved August 11, 2016.
  7. ↑ "Rackable Systems Receives Court Approval to Purchase Silicon Graphics Assets" (Press release). Rackable Systems. April 30, 2009. Retrieved August 11, 2016.
  8. ↑ "Rackable Systems Completes Name Change" (Press release). Silicon Graphics International. May 18, 2009. Retrieved August 23, 2016.
  9. ↑ Timothy Prickett Morgan (May 11, 2009). "Rackable Systems slips into SGI's name: Moniker change picks fame over fortune". The Register . Retrieved August 3, 2013.
  10. ↑ "COPAN Systems, Inc". Archived from the original on August 1, 2009. Retrieved August 3, 2013.
  11. ↑ "SGI Buys Assets of COPAN Systems" (Press release). Silicon Graphics International. February 23, 2010. Retrieved August 23, 2016.
  12. ↑ "SGI Acquires SGI Japan, Ltd" (Press release). Silicon Graphics International. March 9, 2011. Retrieved August 23, 2016.
  13. ↑ "SGI Acquires OpenCFD Ltd., the Leader In Open Source Computational Fluid Dynamics (CFD) Software" (Press release). Silicon Graphics International. August 15, 2011. Archived from the original on December 6, 2012. Retrieved August 23, 2016.
  14. ↑ "Mark J. Barrenechea Resigns as CEO of SGI, Ronald D. Verdoorn Named Interim CEO" (Press release). Silicon Graphics International. December 14, 2011. Retrieved August 23, 2016.
  15. ↑ Timothy Prickett Morgan (December 19, 2011). "OpenText lures new CEO from SGI: Barrenechea back to software". The Register. Retrieved August 3, 2013.
  16. ↑ "Mark J. Barrenechea to Remain a Member of SGI's Board of Directors" (Press release). Silicon Graphics International. December 27, 2011. Retrieved August 23, 2016.
  17. ↑ "SGI Announces New President and CEO Jorge Luis Titinger" (Press release). Silicon Graphics International. February 23, 2012. Retrieved August 23, 2016.
  18. ↑ "Board of Directors". Hispanic Foundation of Silicon Valley. Retrieved August 3, 2013.
  19. ↑ "SGI Acquires FileTek" (Press release). Silicon Graphics International. October 1, 2013. Retrieved August 23, 2016.
  20. ↑ Chris Mellor (October 3, 2013). "SGI buys out FileTek, strolls into StorHouse and puts its feet up". The Register . Retrieved August 23, 2016.
  21. ↑ Iain Thomson (August 11, 2016). "OMG: HPE gobbles SGI for HPC. WTF?". The Register . Retrieved August 23, 2016.
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