SourceCode, a Norwood, MA-based pioneer of co-designed, custom, certified IT systems for AI infrastructure spanning the cloud, datacenter and edge, is to acquire UK-EU-based Boston Limited, a provider of high-performance server and storage solutions for the significant growth in business around data, media, and AI as well as traditional IT workloads.
The transaction – whose amount was not disclosed – is expected to close on June 30, 2023.
With a combined presence across four continents, the synergistic addition of Boston Limited will create a global company able to serve local and global customers with a rich set of device-to-datacenter-to-cloud offerings. With an increase in size, scope, and strength, SourceCode is also strengthening its collaboration with its long-term partners in the semiconductor, original device manufacturers (ODM), and software industries. The company will accelerate its focus on delivering co-designed and customized computing solutions for emerging needs such as generative artificial intelligence, intelligent edge compute, and high-performance computing, offering solutions for edge devices to datacenter and large-scale systems.
With offices in the UK, France, Germany, USA, South Africa, and Australia, Boston provides consulting and training services in Machine Learning, AI, Security, and Storage, across several different industries. Its original founders, Manoj Nayee and Dev Tyagi, will continue in the combined company.
Founded in 1992 and led by Arthur Ataie, CEO, SourceCode is a global provider of co-designed, custom, certified IT systems for next generation intelligent infrastructure. The company’s edge devices, desktop, servers, storage, clusters, and reference architectures are available via its ecommerce platform as well as its customer-centered engineering-led engagement model.
SourceCode, a portfolio company of Cerberus Capital Management, L.P., also announced the appointment of two industry luminaries to its Board of Directors: Alain Andreolli, former president, and EVP of the Hybrid IT Group at HPE, and Peter Ungaro, former CEO of supercomputer leader Cray and subsequently SVP/GM of HPC & MCS at HPE.
FinSMEs
26/06/2023