PathScale Inc. acquires all PathScale Intellectual Property and Assets from Cray

Wilmington, DE, March 14th, 2012

Global leader in compiler technology PathScale Inc. today announced it has acquired the PathScale assets from Cray Inc. (Nasdaq: CRAY). Financial terms of the deal were not disclosed.

PathScale plans to continue developing the EKOPath Compiler Suite, provide support for all users of the software and launch new products. The company will continue to contribute parts of the PathScale software to the open source community and will work towards building a strong community of developers, researchers and users.

"Until this point we were a licensee of the technology and assets, but this purchase gives us full ownership and control," said Christopher Bergström, PathScale CTO. "It has taken over two years, but with hard work, great customers and a rebuilt engineering team we're now in a good position to go to the next level. I see us continuing to grow and aggressively develop technology which leverages heterogeneous environments and pushes performance on supercomputers."

“In 2009, we purchased the PathScale compiler assets and forged a partnership with Christopher and his team to provide a smooth transition for Cray customers and the PathScale community as a whole,” said Peter Ungaro, president and CEO of Cray. “This is a great next step for PathScale and for our customers who run the EKOPath compiler, as I’m confident they will continue to receive excellent support now and into the future. We wish PathScale Inc. all the best in building its business and continuing to bring new and innovative compiler technologies to the market for our customers.”

About PathScale

PathScale Inc. has developed industry leading high performance Fortran, C and C++ compiler products for AMD®, Intel® and NVIDIA® processors. The PathScale compiler technology has the world's most advanced optimization infrastructure and can fully exploit the potentials of many-core and heterogeneous architectures. The company’s goal is to deliver robust and high performance compilers tailored to clustered, GPGPU and multi-core computing environments. More information about PathScale is available on the web at http://www.pathscale.com

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