Rackable Systems, the server company that acquired assets of Silicon Graphics Inc., said that it had completed acquisition and also announced that the company will adopt SGI as its global name and brand. The move seems to be rather logical, as despite of the issues with its business in the recent years, Silicon Graphics remains a legendary name in the technology world.
“We are committed to solving the world's most demanding business and technology challenges our customers confront every day, whether powering the Internet, exploring for natural resources, modeling meteorological events, enabling financial markets or assisting government and security agencies. SGI is ready to support our growing customer base with relevant products, global services and the industry's best expertise,” said Mark J. Barrenechea, president and chief executive of Rackable/SGI.
Rackable was granted court approval on April 30, 2009 to proceed with the acquisition for $42.5 million in cash and closed the transaction on May 8, 2009. The company expects to report pro forma financial information within 75 days after the closing.
The company expects customers to benefit from an expanded portfolio of cutting-edge, innovative and high performance products for medium and large-scale data centers and HPC, including trusted enterprise x86 cluster compute offerings, shared memory clustered compute products, scalable data center and storage technologies, modular data centers, data management software, HPC tools and emerging visualization technologies.
The new SGI will have a customer base of over 5000 in more than 25 countries and approximately 1350 employees worldwide. SGI will maintain its corporate headquarters in its current Fremont, California facility, with offices around the world. SGI's new management team is comprised of senior executives from Rackable Systems and the former Silicon Graphics.
Rackable Systems has created Silicon Graphics International as a subsidiary, which has acquired the assets and liabilities specified in the court-approved, and now completed, Asset Purchase Agreement. Rackable Systems, Inc. will also change its name to a Silicon Graphics International entity, with Rackable Systems surviving as a product line. Silicon Graphics International will be branded as SGI going forward.