€28m investment aims to accelerate HPC adoption
22 May 2012Tweet
Bull has announced a €28 million joint venture with a French investment company, aimed at accelerating the widespread adoption of high-performance computing (HPC).
The new joint company will focus on delivering secured HPC services, as a Cloud computing service provider. The other investor, CDC (Caisse des Dépots), is a public group serving France’s general interest and economic development. CDC will contribute nearly €10m in equity to the project.
The ‘NumInnov’ project aims to create an independent service provider specialising in HPC applications, which will operate at a European level.
'I am delighted at the launch of this project, which will have a tangible impact on the industry and the digital economy in both France and in Europe,' said Philippe Vannier, chairman and chief executive officer of Bull.
'The project will be a very powerful driver to accelerate the adoption of HPC technologies, and will trigger the development of new applications and services by large enterprises as well as SMEs. As a specialist company in critical digital systems, Bull is the only European player capable of delivering expertise in on-demand HPC within the security constraints that are critical to this project.'