Silicon Graphics International

This article is about the company founded in 1999 as "Rackable Systems". For the original Silicon Graphics Inc., see Silicon Graphics.
Silicon Graphics International Corp.
Public
Traded as NASDAQ: SGI
Industry Diversified computer systems
Fate Acquired by Hewlett Packard Enterprise
Founded 1999 (1999), San Jose, California (Rackable Systems, Inc.)
Defunct November 1, 2016 (2016-11-01)
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
Products High performance computing, big data analytics, petascale storage solutions
Services Professional and managed services

Silicon Graphics International Corp. (SGI; formerly Rackable Systems, Inc.) was an American manufacturer of computer hardware and software, including high-performance computing solutions, x86-based servers for datacenter deployment, and visualization products. It was founded as Rackable Systems in 1999.

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

History

Rackable Systems, Inc. era

In 2006, Rackable announced it had signed an agreement to acquire Terrascale Technologies, Inc.[3]

On April 1, 2009, Rackable announced an agreement to acquire Silicon Graphics, Inc. for $25 million.[4] The sale, 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.[5][6] The following week, the company changed their NASDAQ stock ticker symbol from "RACK" to "SGI".[7]

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.[8]

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.[9] COPAN products were offered as part of the SGI storage line.[10]

In 2011, SGI acquired all outstanding shares of SGI Japan, Ltd.[11] The same year, the company announced the acquisition of OpenCFD Ltd.SGI Acquires SGI Japan, Ltd.[12] In December, the company announced Mark J. Barrenechea's resignation as president, chief executive officer and member of the Board of Directors.[13] Mark was reported to join Open Text Corporation.[14] Shortly thereafter, it was announced that Barrenechea had agreed to continue to serve on the SGI board.[15]

In February 2012, it was announced that Jorge Luis Titinger would become SGI's president and chief executive officer.[16][17]

In 2013 SGI acquired FileTek, Inc.[18][19]

In 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][20][2]

See also

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. 2016-08-11. Retrieved 2016-08-11.
  2. 1 2 "Hewlett Packard Enterprise Completes Acquisition of SGI" (Press release). Hewlett Packard Enterprise. 2016-11-01. Retrieved 2016-11-01.
  3. ↑ Rackable Systems, Inc. Announces Agreement to Acquire Terrascale Technologies, Inc.
  4. ↑ "Rackable Systems Announces Agreement to Acquire Silicon Graphics Inc." (Press release). Rackable Systems. 2009-04-01. Retrieved 2016-08-11.
  5. ↑ "Rackable Systems Completes Acquisition of Silicon Graphics Assets" (Press release). Rackable Systems. 2009-05-11. Retrieved 2016-08-11.
  6. ↑ "Rackable Systems Receives Court Approval to Purchase Silicon Graphics Assets" (Press release). Rackable Systems. 2009-04-30. Retrieved 2016-08-11.
  7. ↑ "Rackable Systems Completes Name Change" (Press release). Silicon Graphics International. 2009-05-18. Retrieved 2016-08-23.
  8. ↑ 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.
  9. ↑ "COPAN Systems, Inc". Archived from the original on August 1, 2009. Retrieved August 3, 2013.
  10. ↑ "SGI Buys Assets of COPAN Systems" (Press release). Silicon Graphics International. 2010-02-23. Retrieved 2016-08-23.
  11. ↑ "SGI Acquires SGI Japan, Ltd." (Press release). Silicon Graphics International. 2011-03-09. Retrieved 2016-08-23.
  12. ↑ "SGI Acquires OpenCFD Ltd., the Leader In Open Source Computational Fluid Dynamics (CFD) Software" (Press release). Silicon Graphics International. 2011-08-15. Retrieved 2016-08-23.
  13. ↑ "Mark J. Barrenechea Resigns as CEO of SGI, Ronald D. Verdoorn Named Interim CEO" (Press release). Silicon Graphics International. 2011-12-14. Retrieved 2016-08-23.
  14. ↑ Timothy Prickett Morgan (December 19, 2011). "OpenText lures new CEO from SGI: Barrenechea back to software". The Register. Retrieved August 3, 2013.
  15. ↑ "Mark J. Barrenechea to Remain a Member of SGI's Board of Directors" (Press release). Silicon Graphics International. 2011-12-27. Retrieved 2016-08-23.
  16. ↑ "SGI Announces New President and CEO Jorge Luis Titinger" (Press release). Silicon Graphics International. 2012-02-23. Retrieved 2016-08-23.
  17. ↑ "Board of Directors". Hispanic Foundation of Silicon Valley. Retrieved August 3, 2013.
  18. ↑ "SGI Acquires FileTek" (Press release). Silicon Graphics International. 2013-10-01. Retrieved 2016-08-23.
  19. ↑ Chris Mellor (2013-10-03). "SGI buys out FileTek, strolls into StorHouse and puts its feet up". The Register. Retrieved 2016-08-23.
  20. ↑ Iain Thomson (2016-08-11). "OMG: HPE gobbles SGI for HPC. WTF?". The Register. Retrieved 2016-08-23.
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