logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Penguin Computing To Acquire Remote Access Software Assets From Colorado Code Craft

Nov 16, 2022•about 3 years ago

Acquiring Company

Penguin Solutions

Acquired Company

Access Software Assets

Artificial IntelligenceInformation Technology

Description

Penguin SolutionsTM, an SGHTM brand (Nasdaq: SGH) that provides HPC, AI, and IoT technologies for edge, core, and cloud, announced today that its Penguin Computing group has acquired all software and intellectual property assets of Colorado Code Craft and welcomed Colorado Code Craft employees to the Penguin Computing team. The company specializes in secure remote work and collaboration software solutions for high-performance and high-fidelity remote visualization, including remote 3D visualization for applications running in the cloud and virtual desktop infrastructure (VDI) for technical computing.

Company Information

Company

Penguin Solutions

About

The Penguin Solutions™ portfolio, which includes Penguin Computing™ and Penguin Edge™, accelerates customers’ digital transformation with the power of emerging technologies in HPC, AI, and IoT with solutions and services that span the continuum of edge, core, and cloud. By designing highly-advanced infrastructure, machines, and networked systems we enable the world’s most innovative enterprises and government institutions to build the autonomous future, drive discovery and amplify human potential. Penguin Solutions is an SGH Brand.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed