M&A Deal Summary

Silicon Graphics International Acquires Linux Networx

On February 14, 2008, Silicon Graphics International acquired software company Linux Networx from Spring Lake Equity Partners

Acquisition Highlights
  • This is Silicon Graphics International’s 1st transaction in the Software sector.
  • This is Silicon Graphics International’s 1st transaction in the United States.
  • This is Silicon Graphics International’s 1st transaction in Utah.

M&A Deal Summary

Date 2008-02-14
Target Linux Networx
Sector Software
Buyer(s) Silicon Graphics International
Sellers(s) Spring Lake Equity Partners
Deal Type Add-on Acquisition

Target

Linux Networx

Bluffdale, Utah, United States
Linux Networx sells high-performance computing (HPC) systems based on the Linux operating system. Linux Networx uses a clustered architecture approach, integrating dozens to up to a thousand or more off-the-shelf processors in a single system along with its proprietary management software.

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Buyer(S) 1

Buyer

Silicon Graphics International

Milpitas, California, United States

Category Company
Founded 2002
Sector Technology Hardware
Employees1,100
Revenue 533M USD (2016)
DESCRIPTION

Silicon Graphics International Corp.is a high-performance computing manufacturer, producing computer hardware and software. Its initial market was 3D graphics computer workstations, but its products, strategies and market positions fluctuated, and the company had its ups and downs over time. SGI products and services are used for high-performance computing (HPC) and big data analytics in the scientific, technical, business and government communities to solve challenging data-intensive computing, data management and virtualization problems.


DEAL STATS #
Overall 1 of 4
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 4
State: Utah M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2008 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-23 COPAN Systems

Longmont, Colorado, United States

COPAN Systems, Inc. is a provider of high performance storage archive solutions for real-time access to long-term persistent data.

Buy -

Seller(S) 1

DESCRIPTION

Spring Lake Equity Partners is a private venture capital firm focused on later-stage technology company investments. The Firm looks to invest $7 to $15 million in growth-oriented companies with up to $100 million in revenue. Specific areas of interest include software, digital media, mobile, data center infrastructure, healthcare IT, and business/financial services. Spring Lake Equity was formed in 2013 after spinning-off from Tudor Investment Corporation. The Firm is based in Boston, Massachusetts.


DEAL STATS #
Overall 18 of 39
Sector: Software M&A 2 of 10
Type: Add-on Acquisition M&A Deals 9 of 23
State: Utah M&A 1 of 3
Country: United States M&A 18 of 38
Year: 2008 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-31 Allegro Development

Dallas, Texas, United States

Allegro Development is a provider of comprehensive energy trading and risk management software to customers in the exploration and production, refining and marketing, utilities and trading markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-07 Fidelis Cybersecurity

Bethesda, Maryland, United States

Fidelis Cybersecurity is a provider of threat detection, hunting, and response solutions. Fidelis combats the full spectrum of cybercrime, data theft, and espionage by providing full visibility across hybrid cloud / on-prem environments, automating threat and data theft detection, empowering threat hunting and optimizing incident response with context, speed, and accuracy.

Buy -