M&A Deal Summary

Cray Acquires OctigaBay Systems

On February 25, 2004, Cray acquired technology hardware company OctigaBay Systems for 115M USD

Acquisition Highlights
  • This is Cray’s 1st transaction in the Technology Hardware sector.
  • This is Cray’s largest (disclosed) transaction.
  • This is Cray’s 1st transaction in Canada.
  • This is Cray’s 1st transaction in Ontario.

M&A Deal Summary
Date 2004-02-25
Target OctigaBay Systems
Sector Technology Hardware
Buyer(s) Cray
Deal Type Add-on Acquisition
Deal Value 115M USD
Advisor(s) Osler
McCarthy Tétrault (Legal)

Target

OctigaBay Systems

Kanata, Ontario, Canada
OctigaBay Systems Corp. develops an innovative high performance computing system designed to make supercomputing performance available at a reduced price.

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Buyer(S) 1

Buyer

Cray

Seattle, Washington, United States
Category Company
Founded 1987
Sector Technology Hardware
Employees1,282
Revenue 456M USD (2018)
DESCRIPTION
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.

DEAL STATS #
Overall 1 of 2
Sector (Technology Hardware) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-09 Appro International

Seattle, Washington, United States

Appro International, Inc. designs and provides supercomputing solutions.

Buy $25M
Mergr

Product

Company

Legal