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internetnews.com: SGI Sheds Graphics Software Business

Apr 16, 2004, 22:45 (0 Talkback[s])
(Other stories by Clint Boulton)

"Aiming to focus on its specialty for selling high-performance computing systems, Silicon Graphics (SGI) Thursday agreed to sell its Alias graphics software business to investment firm Accel-KKR for $57.5 million in cash.

"SGI, which expects to realize some $50 million in net proceeds after capital adjustments and transaction costs, said in a statement the deal would help the company focus on high-performance Linux systems.

"The move had been expected for some time. SGI said in February it was negotiating to sell its graphics software business in order to focus on improving its current computing line of high-end computing and storage servers and visualization software. SGI also offers workstations and advanced graphics systems on its IRIX operating system..."

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