Public Company Other

Penguin Solutions

New Ulm, Minnesota, United States

Penguin Solutions (Nasdaq: PENG) is the AI factory platform company providing memory and AI infrastructure, delivering differentiated infrastructure software, advanced memory and compute systems, end-to-end services, and partner solutions to help enterprises deploy and scale AI workloads.

Focus Areas
Memory, AI infrastructure, Compute systems

Tracked deals

3

3 tracked deals across 2019-2022.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Divestiture

2 divestiture · 1 buyout

Penguin Solutions Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for Penguin Solutions. 1 2019 2 2022

Supporting Data

Recent Transactions

  • Penguin Solutions' Penguin Computing Acquires Software Assets from Colorado Code Craft
    November 7, 2022
    Buyer
    Penguin Solutions (Penguin Computing / SGH)
    Target
    Colorado Code Craft
    Seller
    Colorado Code Craft
    Industry
    Software
    Location
    Colorado, United States
    Type
    Divestiture

    Penguin Solutions' Penguin Computing group acquired all software and intellectual property assets of Colorado Code Craft and brought Colorado Code Craft employees into the Penguin Computing team. The asset purchase expands Penguin's remote-visualization, remote desktop and application-streaming capabilities for its Scyld Cloud Workstation and Scyld Cloud Central offerings, extending availability across cloud and on-premises HPC/AI environments.

  • SMART Global Holdings Acquires Stratus Technologies
    June 29, 2022
    Buyer
    SMART Global Holdings, Inc., affiliates of Siris Capital Group, LLC
    Target
    Stratus Technologies
    Seller
    affiliates of Siris Capital Group, LLC
    Industry
    IT Services
    Location
    California, United States
    Type
    Buyout

    SMART Global Holdings, Inc. (SGH) entered into a definitive agreement to acquire Stratus Technologies for $225 million in cash at closing, plus an earn-out of up to $50 million tied to Stratus gross profit performance over the first 12 fiscal months after closing. SGH expects the closing to occur in the second half of calendar year 2022 and plans to integrate Stratus into its Intelligent Platform Solutions (IPS) group.

  • SMART Global Holdings Acquires Artesyn Embedded Computing Business from Platinum Equity
    July 9, 2019
    Buyer
    SMART Global Holdings, Inc.
    Target
    Artesyn Embedded Technologies - Embedded Computing business
    Seller
    Platinum Equity, Artesyn Embedded Technologies
    Industry
    Manufacturing
    Location
    United States
    Type
    Divestiture

    SMART Global Holdings (NASDAQ: SGH) acquired the Embedded Computing business of Artesyn Embedded Technologies from Platinum Equity for approximately $80 million in cash plus up to $10 million of performance-based consideration. The sale is a divestiture of Artesyn's Embedded Computing business (Artesyn has been a Platinum Equity portfolio company since 2013) and transfers a global supplier and manufacturer of embedded computing systems into the SMART portfolio.

Related Acquisition Pages

IT Services Buyers & Acquisitions 1 tracked deal by Penguin Solutions. Manufacturing Buyers & Acquisitions 1 tracked deal by Penguin Solutions. Software Buyers & Acquisitions 1 tracked deal by Penguin Solutions. Acquisitions in California 1 tracked deal by Penguin Solutions. Acquisitions in Colorado 1 tracked deal by Penguin Solutions.

Related articles

Selling a company? Get in front of buyers like Penguin Solutions

Turn tracked acquisition activity into an outreach-ready buyer list.

Find buyers like these →