M&A

HP Enterprise makes $275M deal for data analytics, management firm

HP Enterprise has acquired SGI for $275 million in a move that boosts HP’s data analytics and data management solutions.

The acquisition strengthens HP’s position in the $11 billion high-performance computing and data analytics markets as well as expands the company’s presence in the government, research, life sciences and supercomputing markets, the company said in a release.

HP expects the acquisition to be neutral to earnings in the first full year following close, the company said.

About the Author

Mark Hoover is a senior staff writer with Washington Technology. You can contact him at mhoover@washingtontechnology.com, or connect with him on Twitter at @mhooverWT.

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