Rackable Retains SGI Name
After closing a $42.5 million deal for Silicon Graphics, Rackable Systems decides the name of the new company will be Silicon Graphics International. Despite the old SGI's troubles with debt and bankruptcy, Rackable officials say the name SGI still carries a lot of weight internationally. Rackable will now become a brand name within the SGI company. The new SGI also is retaining several executives from the old SGI as it looks to build out its HPC and visualization offerings.The SGI name will live on, even though Rackable Systems bought the venerable Silicon Valley pioneer. After completing the $42.5 million deal to acquire SGI May 11, Rackable officials announced that the company will retain the SGI name-with a twist-and that Rackable will become a brand name within the larger company.
For the previous company, SGI stood for Silicon Graphics Inc. With the new company, SGI stands for Silicon Graphics International. That said, the new SGI will keep the old company's Web address and will be referred to as SGI.