Rackable Systems, a leading provider of ecological servers and storage products for medium to large-scale data centers, today (May 11) announced that it has completed the acquisition of the operating assets of the former Silicon Graphics, Inc. New global name will be SGI. 

With the completion of this acquisition, the company will adopt SGI as its global name and brand. Rackable Systems president and CEO, Mark J. Barrenechea, will lead SGI in the same capacity. The Rackable Systems board of directors remains unchanged.

Rackable was granted court approval on April 30, 2009 to proceed with the acquisition for $42.5 million in cash and closed the transaction on May 8, 2009. The company expects to report pro forma financial information within 75 days after the closing. 

The company expects customers to benefit from an expanded portfolio of products for medium and large-scale data centers and HPC, including enterprise x86 cluster compute offerings, shared memory clustered compute products, scalable data center and storage technologies, modular data centers, data management software, HPC tools and emerging visualization technologies. 

The new SGI will have a customer base of over 5,000 in more than 25 countries and approximately 1,350 employees worldwide. SGI will maintain its corporate headquarters in its current Fremont, California facility. SGI’s new management team is comprised of senior executives from Rackable Systems and the former Silicon Graphics. 

Rackable Systems has created Silicon Graphics International as a subsidiary.

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About Rakesh Raman

Have extensive editorial, content management, and integrated communications experience and have worked as a senior tech journalist, analyst, and columnist with different newspapers, magazines, and Web/online properties in India.

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