Cray Inc. Announced Acquiring PathScale Assets From SiCortex (CRAY)

8/27/2009 - Cray Inc. (NASDAQ:CRAY) announced it has acquired the PathScale Compiler Suite assets from SiCortex. The financial terms of the deal were not disclosed. Cray intends to leverage some the PathScale intellectual property in order to enhance the company's own compiler offerings over time. President and CEO Peter Ungaro said, "Our main goal for this acquisition was to provide clear direction for those Cray customers who want to continue using the PathScale Compiler Suite on Cray supercomputers. We believe turning the PathScale compiler's future development and customer support over to a new and similar PathScale organization accomplishes our goal, as it provides a path forward for PathScale compiler users and helps ensure that the software will have a robust, open source HPC community around it. We also expect our own world-class compiler to benefit from some of the PathScale technology. This is another indicative example of our strategy to acquire the key technology components necessary to building a productive, high performance user environment on our supercomputers."

Write to Chip Brian at cbrian@tradethetrend.com

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