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Cray acquires SiCortex's PathScale Compiler suite assets

Aug 28, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Company: Cray, Inc. (CRAY)

Cray, Inc., a manufacturer and designer of supercomputers, has acquired the PathScale Compiler suite assets from SiCortex, Inc., a provider of computing systems, compiler suites, and personal development systems.

Both the companies are based in the US. 

Deal Type    Acquisition
Sub-Category Asset Purchase
Deal Status  Completed: 2009-08-27

Deal Participants 

Target (Company)   SiCortex, Inc. - PathScale Compiler Suite Assets
Acquirer (Company) Cray, Inc.
Vendor (Company)   SiCortex, Inc.

Deal Rationale

With this acquisition, Cray plans to leverage some of the PathScale intellectual property to enhance its own compiler offerings over time.

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Company: Cray, Inc. (CRAY)


Related terms: acquisition, computer, manufacturer, property

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