Rackable (RACK) Agrees to Acquire Silicon Graphics (SGIC) for $25M
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Rackable Systems, Inc. (NASDAQ: RACK) today announced its agreement to acquire substantially all the assets of Silicon Graphics, Inc. (NASDAQ: SGIC) for approximately $25 million in cash, subject to adjustment in certain circumstances, plus the assumption of certain liabilities associated with the acquired assets.
The combined businesses will provide customers with market leading hardware and software technology within large-scale x86 cluster computing, HPC, Internet, Cloud Computing, large-scale data storage environments and visualization platforms across many verticals and geographies. This combination is also expected to result in a stronger global services organization; reaching commercial, government and scientific sectors on a worldwide basis.
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