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The company expects stronger in a sector that Gartner will grow up to 8% annually over the next three years. Hewlett Packard Enterprise (HPE) has announced the signing of a definitive agreement to acquire supercomputing enterprise SGI, the veteran supercomputing and cloud solutions for business company, analytics and client data management in a transaction with an approximate value of $275 million.

Supercomputing enterprise SGI Products and services used for supercomputing (high-performance computing, HPC) and big data analytics technology in scientific enterprises, technical companies, companies and governments to solve large computing challenges that require a lot of data management service, such as information data management and desktop virtualization. The company has approximately 1,100 employees worldwide and had revenues of $533 million in fiscal 2016.

“In HPE we focus on empowering data-driven organizations,” said Antonio Neri, executive vice president and general manager of Enterprise Group at Hewlett Packard Enterprise. “The technologies and innovative services of SGI, including leading solutions in big data for enterprise and supercomputing, serving as a complement to obtain a complete cloud solution for data centers from HPE, designed to extract business knowledge to accelerate the time needed to create value for customers “.

The huge increase in data – both in volume and variety – in all industries and applications, is driving organizations to adopt high-end systems to use applications that require a large computing capacity and Big Data workloads that, to date, they have been unable to use cloud solutions with the traditional information technology infrastructure. To this end, investments are necessary in Big Data analytics for safe and fast processing large amounts of data and to facilitate decision-making in real time.

High-end systems are used for research in meteorology, genomics and life sciences, in addition to improving cyber defense organizations worldwide. According to International Data Corporation (IDC), it is expected that as a result of this demand, the HPC segment valued at $ 11,000 million increase to an estimated 6-8% over the next three compound annual growth rate (CAGR) years, with an increase in the segment of analytical data twice that rate.

The portfolio of highly complementary SGI solutions – including its memory high performance big data analytics technology expand and strengthen the current leading position in the segments of HPE growing managed server market for supercomputing and essential tasks.

The operation is expected to close in the first quarter of fiscal year 2017 HPE and subject to approvals and other customary closing conditions in such operations.

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