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    SGI Acquires SGI Japan

    By
    Chris Preimesberger
    -
    March 10, 2011
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      High-performance computer maker SGI has decided to buy SGI for $18 million in cash. Yes, you read that correctly.

      Fremont, Calif.-based SGI, once a power in the desktop workstation business as Silicon Graphics Inc., revealed March 9 that it has acquired all outstanding shares of its namesake, SGI Japan, Ltd., from a consortium of investors. Those include NEC, Sony, Canon Marketing Japan, and Morgan Stanley MUFG Securities.

      Even though they shared the same name, the two companies were not interacting on a regular basis.

      SGI currently produces high-end custom servers, storage arrays, and video-related software — mostly for military and government customers.

      The purchase price of $17.9 million also includes $27 million of net working capital. SGI previously owned 10.4 percent of SGI Japan.

      SGI intends the acquisition to serve as a strategic entry into the large technical computing market of Japan, the company said. SGI Japan operates primarily as a sales and service organization.

      The acquisition, which closed on March 9, is expected to add more than 400 customers in vertical markets that include government, manufacturing, telecommunications, media and education. SGI will add 272 employees from the current SGI Japan staff.

      Avatar
      Chris Preimesberger
      https://www.eweek.com/author/cpreimesberger/
      Chris J. Preimesberger is Editor-in-Chief of eWEEK and responsible for all the publication's coverage. In his 16 years and more than 5,000 articles at eWEEK, he has distinguished himself in reporting and analysis of the business use of new-gen IT in a variety of sectors, including cloud computing, data center systems, storage, edge systems, security and others. In February 2017 and September 2018, Chris was named among the 250 most influential business journalists in the world (https://richtopia.com/inspirational-people/top-250-business-journalists/) by Richtopia, a UK research firm that used analytics to compile the ranking. He has won several national and regional awards for his work, including a 2011 Folio Award for a profile (https://www.eweek.com/cloud/marc-benioff-trend-seer-and-business-socialist/) of Salesforce founder/CEO Marc Benioff--the only time he has entered the competition. Previously, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. He has been a stringer for the Associated Press since 1983 and resides in Silicon Valley.

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