Rackable Systems, a data center hardware specialist, is adopting SGI as its new name, after completing its acquisition of Silicon Graphics Inc.
The company announced the move Monday. Its $42.5 million purchase of the supercomputing company was granted court approval on April 30 and closed on Friday.
For the deal, Rackable created a subsidiary called Silicon Graphics International. That subsidiary then acquired the assets and liabilities of Silicon Graphics Inc. Rackable will now be known as "a Silicon Graphics International entity," and Silicon Graphics International will be branded as SGI.
The new SGI's portfolio will include … Read more