Rackable acquires SGI: Name retained, logo renewed

The SGI nameplate seems to do too much good to save SGI, but hopefully it will be good for future Rackable Systems companies.

Rackable Systems received approval from a bankruptcy court on April 30 to acquire SGI, even though it bought the $42.5 million company for just $25 million.

On Monday, Rackable announced that the acquisition had been completed and that the integrated company would continue to be called SGI - its full name being Silicon Graphics International instead of Silicon Graphics, Inc. At the same time, it will continue to use some of Rackable's brands and products.