M&A Deal Summary

Hewlett Packard Enterprise Acquires Cray

On May 17, 2019, Hewlett Packard Enterprise acquired technology hardware company Cray for 1.3B USD

Acquisition Highlights
  • This is Hewlett Packard Enterprise’s 3rd transaction in the Technology Hardware sector.
  • This is Hewlett Packard Enterprise’s 2nd largest (disclosed) transaction.
  • This is Hewlett Packard Enterprise’s 8th transaction in the United States.
  • This is Hewlett Packard Enterprise’s 1st transaction in Washington.

M&A Deal Summary
Date 2019-05-17
Target Cray
Sector Technology Hardware
Buyer(s) Hewlett Packard Enterprise
Deal Type Add-on Acquisition
Deal Value 1.3B USD

Target

Cray

Seattle, Washington, United States
website
Cray's corporate headquarters in downtown Seattle, Washington.
Cray's corporate headquarters in downtown Seattle, Washington.
Cray, Inc. is a designer, developer, manufacturer, marketer and servicer of supercomputers and storage systems. Cray also provides software, system maintenance, and support services and engineering services related to supercomputer systems. Cray's customers include domestic and foreign government and government-funded entities, academic institutions and commercial entities. Cray, Inc. was formed in 1987 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Hewlett Packard Enterprise

Spring, Texas, United States

website

Category Company
Founded 2015
Sector Information Technology
Employees60,200
Revenue 29.1B USD (2023)
DESCRIPTION
Entrance to a Hewlett Packard Enterprise office in Sunnyvale, California.
Entrance to a Hewlett Packard Enterprise office in Sunnyvale, California.

Hewlett Packard Enterprise (HPE) is a global enterprise information technology company that offers a variety of products, services, and solutions to businesses and organizations. Its portfolio includes cloud computing solutions, servers, storage, networking equipment, and a range of IT services aimed at helping customers optimize their IT operations, secure their operations, and accelerate digital transformation. HPE focuses on delivering solutions that enable businesses to improve their efficiency, scale their operations, and innovate in their respective markets. HPE was founded in 2015, as a result of the splitting of the original Hewlett-Packard Company into two separate companies, with HPE focusing on the enterprise technology infrastructure, software, and services segments. HPE is headquartered in Spring, Texas.

DEAL STATS #
Overall 11 of 20
Sector (Technology Hardware) 3 of 4
Type (Add-on Acquisition) 10 of 18
State (Washington) 1 of 1
Country (United States) 8 of 16
Year (2019) 1 of 2
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-15 Plexxi

Nashua, New Hampshire, United States

Plexxi, Inc. is a provider of software defined data fabric networking technology. Plexxi, Inc. was founded in 2010 and is based in Nashua, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-05 MapR Technologies - Business Assets

Santa Clara, California, United States

MapR Technologies, Inc. - Business Assets provides next-generation edge-to-cloud AI/ML and analytics data pipeline.

Buy -
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