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4-Traders Homepage  >  Equities  >  Nasdaq  >  Cray Inc.    CRAY

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Cray : Signs Solutions Provider Agreement With Mark III Systems

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04/27/2017 | 02:21pm CEST

(GlobeNewswire) - Global supercomputer leader Cray Inc. (Nasdaq:CRAY) today announced the Company has signed a solutions provider agreement with Mark III Systems, Inc. to develop, market and sell solutions that leverage Crays portfolio of supercomputing and big data analytics systems.

Headquartered in Houston, Texas, Mark III Systems is a leading enterprise IT solutions provider focused on delivering IT infrastructure, software, services, cloud, digital, and cognitive solutions to a broad array of enterprise clients. The companys BlueChasm digital development unit is focused on building and running open digital, cognitive, and AI platforms in partnership with enterprises, institutions, service providers, and software and cloud partners.

Mark III Systems can now combine the design, development, and engineering expertise of its BlueChasm team with the data-intensive computing capabilities of the Cray XC, Cray CS, and Urika-GX systems, and offer enterprise IT customers customized solutions across a wide range of commercial use cases.

Were very excited to be partnering with Cray to deliver unique platforms and data-driven solutions to our joint clients, especially around the key opportunities of data analytics, artificial intelligence, cognitive compute, and deep learning, said Chris Bogan, Mark IIIs director of business development and alliances. Combined with Mark IIIs full stack approach of helping clients capitalize on the big data and digital transformation opportunities, we think that this partnership offers enterprises and organizations the ability to differentiate and win in the marketplace in the digital era.

Solution providers are a key part of Crays go-to-market strategy, said Fred Kohout, Crays senior vice president of products and chief marketing officer. Were thrilled to be partnering with Mark III as they bring the expertise to develop and deliver differentiated solutions that leverage Crays supercomputing infrastructure and deliver superior value to our respective customers.

For more information on Crays partner initiatives, please visit the Cray website at www.cray.com.

About Mark III SystemsMark III Systems is a long-time, industry-leading IT solutions provider delivering IT infrastructure, software, services, cloud, digital, and cognitive solutions to enterprises, institutions, and service provider clients across North America. With a diverse team of developers, DevOps engineers, enterprise architects, and systems engineers, Mark IIIs areas of expertise include IT infrastructure, datacenter, HPC, data analytics, security, DevOps, IoT, AI, cognitive, and cloud. Whether it be optimizing the performance and resiliency of an existing business-critical tech stack, or building a next-generation digital stack for data analytics, AI, IoT, or mobile use cases, Mark IIIs full stack approach helps clients stand out and win in the era of digital transformation. For more information, visitwww.markiiisys.com.

About Cray Inc.Global supercomputing leader Cray Inc. (Nasdaq:CRAY) provides innovative systems and solutions enabling scientists and engineers in industry, academia and government to meet existing and future simulation and analytics challenges. Leveraging more than 40 years of experience in developing and servicing the worlds most advanced supercomputers, Cray offers a comprehensive portfolio of supercomputers and big data storage and analytics solutions delivering unrivaled performance, efficiency and scalability. Crays Adaptive Supercomputing vision is focused on delivering innovative next-generation products that integrate diverse processing technologies into a unified architecture, allowing customers to meet the markets continued demand for realized performance. Go to www.cray.com for more information.

Cray, the stylized CRAY mark, and URIKA are registered trademarks of Cray Inc. in the United States and other countries, and XC and CS are trademarks of Cray Inc. Other product and service names mentioned herein are the trademarks of their respective owners.

Cray Media:Nick [email protected]

Cray Investors:Paul [email protected]

(c) 2017 Khaleej Times. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 585 M
EBIT 2017 -6,37 M
Net income 2017 -
Debt 2017 -
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
Capi. / Sales 2017 1,23x
Capi. / Sales 2018 1,07x
Capitalization 721 M
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Number of Analysts 5
Average target price 25,0 $
Spread / Average Target 40%
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NameTitle
Peter J. Ungaro President, Chief Executive Officer & Director
Stephen C. Kiely Non-Executive Chairman
Wayne J. Kugel Senior VP-Operations & Customer Support
Brian C. Henry Chief Financial Officer & Executive Vice President
Steven Lee Scott Chief Technology Officer & Senior Vice President
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