Monday, November 26, 2012

Cray Completes Appro Buy

Seattle-based Cray said late last week that it has completed its acquisition of Appro International. The deal--which had been announced on November 9th--was worth $21.8M in cash. Appro was a developer supercomputer clusters, aimed at the high performance computing (HPC) clustering market. Cray said the deal was approximately $3.2M less that the original, $25M price for Appro, due to deductions for transaction expenses paid and working capital adjustments.