Gores Technology Group Acquires Connection Machines Services Business Unit
April 16, 1997
International high technology acquisition and business management specialist Gores Technology Group today announced the completion of its purchase of the Connection Machines business unit from Thinking Machines Corporation, of Bedford, Massachusetts.
This business unit will be incorporated as a new company, Connection Machines Services, Inc. "Gores Technology Group is experienced in managing service and support divisions of niche computer technology companies. We have acquired and successfully operated several such companies since 1986," said Alec Gores, Chairman of Gores Technology Group. Founded in 1978, Gores has emerged as a worldwide operation specializing in identifying and acquiring high technology companies or business divisions, and managing them for growth and profitability. "In this case, Connection Machines is another opportunity for us to deliver high quality products and support to a specialized customer base and ensure their success and satisfaction with their machines." Introduced in 1983, the Connection Machine revolutionized high performance computing with its massively parallel supercomputing technology. Connection Machine supercomputers are currently deployed worldwide in a variety of fields, including petroleum exploration, medical imaging, commercial database analysis, and data-intensive scientific simulations. In addition to system sales, Connection Machines Services, Inc. will remain an industry leader in providing customer support and production services in the high performance computing environment. The most powerful Connection Machine, the CM-500, is a scalable high performance parallel computing system that delivers competitive price/performance for a wide variety of production computing needs. The CM-500 includes high-speed parallel processors, large capacity parallel file storage, and a high-bandwidth, low latency dedicated internal network that allows for fast, fully parallel data transfer. It can be configured for floating point performance of over 80 Gflops from 2048 processing nodes. Based in Los Angeles, CA, Gores Technology Group is recognized for its customer and market-driven development style, as well as its aggressive growth goals. Having acquired twelve companies since 1978, Gores annual revenues now exceed $100 Million. Current Gores affiliate companies include Applicon, Inc., Artemis Management Systems, Computer Design, Inc., First CAD/CAM, Inc. (formerly GRAFTEK), and HoSoft GmbH.