By Antone Gonsalves
InformationWeek
SGI has bought the "core assets" of Linux Networx, effectively marking the end of the pioneer in Linux high-performance computing.
SGI traded its stock for Linux Networx software, patents and technology, which are expected to advance SGI's HPC products. Linux Networx is a specialist in clustered HPC.
"This is another significant step in the growth of SGI," Bo Ewald, chief executive of SGI, said in a statement.
SGI, which came out of bankruptcy in October 2006, says it has increased orders by more than 30% in each of the last two quarters. Ewald said more acquisitions would follow. "This represents the first of such key technology acquisitions and will help further the development of our software environment and support for our clustered systems," he said.
Despite the increase in orders, SGI revenues in the quarter ended Dec. 28 declined to $90 million from $108 million during the same period a year ago. The company reported a loss of $42.2 million in the quarter, compared to $43.7 million a year ago.
SGI said it has acquired from Linux Networx software and several patents in cluster design, power and cooling, and cluster optimization. In addition, the company added to its workforce Linux Networx experts in software design, system optimization, application performance tuning and cluster management, SGI said.
SGI also announced additional financing from Oak Investment Partners and Lehman Brothers. The financial details were not disclosed.
SGI about a year ago started offering computers with Microsoft HPC software, which the computer maker hoped would broaden its reach within the supercomputing marketplace. SGI has a growth strategy targeting areas such as media data management, industrial design in the automotive and aerospace sectors, health care, and government and academic markets. The company, formerly known as Silicon Graphics, started as a maker of ultra-powerful workstations but now sells LAN servers with Intel processors, blade servers, and storage.
See original article on InformationWeek
0 comments:
Post a Comment