The CEO of Hewlett Packard Enterprise explains how its $1.3 billion acquisition of Cray fits into the master plan — and why it could give it a boost with government customers

Hewlett Packard Enterprise CEO Antonio Neri told Business Insider that the $1.3 billion deal to buy legendary supercomputer manufacturer Cray will boost HPE's strategy in the corporate tech market.

Hewlett-Packard Enterprise CEO Antonio Neri says buying Cray will provide the tech giant's cloud strategy more supercomputing muscle. It would also give it an edge in an arena where Cray had been HPE's stiff rival: government contracts., highlights the Silicon Valley company's bid for a stronger position in the corporate tech market where competition is increasingly focused on offering more robust, but cost-efficient, computing power to process enormous amounts of data.

that's capable of making a quintillion calculations a second for computational work in various fields, such as weather, genomics, and physics. HPE withdrew from the public cloud market now dominated by Amazon Web Services and Microsoft Azure. Instead HPE has embraced a hybrid cloud strategy — essentially, offering products and services that integrate its own servers and data center hardware with the major cloud computing platforms.

The acquisition"puts HPE at the top of the supercomputing food chain," Constellation Research analyst Ray Wang told Business Insider."There aren't many players left and this is the last crown jewel in consolidation.", the emerging trend in technology that would give systems exponentially more computing power, allowing for even faster computations and analyses.

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