Business Wire | September 28, 2023
Penguin Solutions™, an SGH™ brand (Nasdaq: SGH) that designs, builds, deploys, and manages AI and accelerated computing infrastructures at scale, today announced that it has been certified by NVIDIA to support enterprises deploying NVIDIA DGX™ AI computing platforms under the NVIDIA DGX-Ready Managed Services program.
NVIDIA DGX systems are an advanced supercomputing platform for large-scale AI development. The NVIDIA DGX-Ready Managed Services program gives customers the option to outsource management of DGX systems deployed in corporate data centers, including the implementation and monitoring of server, storage, and networking resources required to support DGX platforms.
Generative AI requires a completely new computing infrastructure compared to traditional IT, said Troy Kaster, vice president, commercial sales at Penguin Solutions. These new computing infrastructures require services skills, which Penguin is uniquely qualified to support given our extensive experience partnering with some of the largest companies in AI. As a full-service integration and services provider, Penguin has the capabilities to design at scale, deploy at speed, and provide managed services for NVIDIA DGX SuperPOD solutions.
Penguin has designed, built, deployed, and managed some of the largest AI training clusters in the world. Penguin currently manages over 50,000 NVIDIA GPUs for Fortune 100 customers including Meta’s AI Research SuperCluster – with 2,000 NVIDIA DGX systems and 16,000 NVIDIA A100 Tensor Core GPUs – one of the most powerful AI training clusters in the world.
“AI is transforming organizations around the world, and many businesses are looking to deploy the technology without the complexities of managing infrastructure,” said Tony Paikeday, senior director, DGX platform at NVIDIA. “With DGX-Ready Managed Services offered by Penguin Solutions, our customers can deploy the world’s leading platform for enterprise AI development with a simplified operations model that lets them tap into the leadership-class performance of DGX and focus on innovating with AI.”
Advantages of Penguin Solutions powered by NVIDIA DGX include:
Design large-scale AI infrastructure combining the most recent DGX systems, ultra-high speed networking solutions, and cutting-edge storage options for clusters tailored to customer requirements
Manage AI infrastructure making the most of multiple layers of recent hardware and software, such as acceleration libraries, job scheduling and orchestration
Reduce risk associated with investments in computing infrastructure
Optimize efficiency of AI infrastructure with best-in-class return on investment.
About Penguin Solutions
The Penguin Solutions™ portfolio, which includes Penguin Computing™, accelerates customers’ digital transformation with the power of emerging technologies in HPC, AI, and IoT with solutions and services that span the continuum of edge, core, and cloud. By designing highly-advanced infrastructure, machines, and networked systems we enable the world’s most innovative enterprises and government institutions to build the autonomous future, drive discovery and amplify human potential.
Globenewswire | July 04, 2023
ABP and OMERS Infrastructure have today announced the signing of an agreement for the acquisition of Kenter from Alliander Corporate Ventures. Kenter is an energy infrastructure solutions business providing medium-voltage infrastructure – including transformers and switchgear – and meters to over 25,000 commercial and industrial business customers in the Netherlands and Belgium. This investment is done by APG Asset Management on behalf of ABP, the largest pension fund in the Netherlands; OMERS Infrastructure is investing on behalf of OMERS, one of the largest pension plans in Canada.
ABP and OMERS investment in Kenter will be the consortium’s second joint investment in the Dutch B2B energy solutions sector, after reaching close on their investment in Groendus in November last year. Groendus develops, builds and operates rooftop solar and storage solutions, meters and electric vehicle chargers for its commercial and industrial business customers, as well as providing access to its proprietary energy management system and energy marketplace, Groendus Energiemarktplaats. Upon close, the shareholders envision that Kenter and Groendus will partner to offer existing and new customers holistic, integrated energy solutions to support the decarbonization of their operations and help them reach their net zero goals.
Harmen van Wijnen, Chairman of the Board of Trustees at ABP, said: “ABP likes to invest in the Netherlands in order to stimulate economic growth, employment and sustainable projects. We also want to contribute to the energy transition and wholeheartedly support our nation's climate objectives. Therefore, investments in the electrification infrastructure are needed on a large scale. This investment benefits our three million participants in several ways. It not only contributes to sufficient and sustainably generated energy in the Netherlands but also generates long-term value for our pension participants.”
Jan-Willem Ruisbroek, Head of Global Infrastructure Investment Strategy at APG, said: “The energy transition is propelling the electrification trend in the Netherlands and across Europe, aligning with the ambitious climate targets set by the EU. To ensure its success, substantial investments in essential electrical infrastructure such as transformers, meters, batteries and electric vehicle chargers are imperative for our society. By investing in Kenter, building upon our previous venture with Groendus last year, we intensify our efforts. We are looking forward to working with the management teams and staff to establish a national champion in the energy transition sector the Netherlands and abroad.”
Alastair Hall, Senior Managing Director and Head of Europe, OMERS Infrastructure, said: “We’re thrilled to announce OMERS second investment to enable the energy transition in the Netherlands. We look forward to growing a B2B energy solutions platform in the region, delivering energy infrastructure for businesses looking to meet their sustainability goals.”
Erik van der Ende, CEO of Kenter, said: “I am delighted with the choice of ABP and OMERS Infrastructure. As an independent company, when it comes to the energy transition, we take care of all the needs of our existing and new customers by offering total solutions in the field of energy infrastructure. We operate in an extremely attractive growth market and this proposed sale makes it possible for Kenter to really take full advantage of our potential. We look forward to continuing to work on the energy transition together with our customers, employees, partners and new shareholders.”
APG and OMERS Infrastructure were advised by DC Advisory, Emendo Capital and Allen & Overy. The closing of the transaction is expected in Q4 2023, subject to customary regulatory approvals. Terms of the deal are not being disclosed.
About OMERS Infrastructure
OMERS Infrastructure manages infrastructure investments globally on behalf of OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, Canada, and third-party investors through its Strategic Partnership Program. OMERS Infrastructure manages approximately C$34 billion, including capital invested on behalf of OMERS and third parties, in over 30 investments located in North America, Europe and Asia-Pacific and across sectors including energy, digital services, transportation and government-regulated services. OMERS Infrastructure has employees in Toronto, New York, the U.K., Amsterdam, Asia and Australia.
businesswire | July 21, 2023
Cadence Design Systems, Inc. (Nasdaq: CDNS) and Rambus Inc. (Nasdaq: RMBS), a premier chip and silicon IP provider making data faster and safer, today announced that they have entered into a definitive agreement for Cadence to acquire the Rambus SerDes and memory interface PHY IP business. Rambus will retain its digital IP business, including memory and interface controllers and security IP. The expected technology asset purchase also brings Cadence proven and experienced PHY engineering teams in the United States, India and Canada, further expanding Cadence’s domain-rich talent base.
“Memory and SerDes IP design and integration continues to be integral to the design of AI, data center and hyperscale applications, CPU architectures and networking devices, and the addition of the Rambus IP and seasoned team further accelerates Cadence’s Intelligent System Design strategy, which drives design excellence,” said Boyd Phelps, senior vice president and general manager of the IP Group at Cadence. “The acquisition of the Rambus PHY IP broadens Cadence’s well-established enterprise IP portfolio and expands its reach across geographies and vertical markets, such as the aerospace and defense market, providing complete subsystem solutions that meet the demands of our worldwide customers.”
“The accelerating momentum of AI and continued growth in the data center is driving ever-increasing demand for memory and security,” said Sean Fan, senior vice president and chief operating officer at Rambus. “With this transaction, we will increase our focus on market-leading digital IP and chips and expand our roadmap of novel memory solutions to support the continued evolution of the data center and AI.”
The transaction is expected to be immaterial to revenue and earnings this year for each company. It is expected to close in the third calendar quarter of 2023, subject to certain closing conditions.
Cadence is a pivotal leader in electronic systems design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design™ strategy to deliver software, hardware and IP that turn design concepts into reality. Cadence® customers are the world’s most innovative companies, delivering extraordinary products from chips to boards to complete systems for the most dynamic market applications, including hyperscale computing, 5G communications, automotive, mobile, aerospace, consumer, industrial and healthcare. For nine years in a row, Fortune magazine has named Cadence one of the 100 Best Companies to Work For. Learn more at www.cadence.com.
Rambus is a provider of industry-leading chips and silicon IP making data faster and safer. With over 30 years of advanced semiconductor experience, we are a pioneer in high-performance memory subsystems that solve the bottleneck between memory and processing for data-intensive systems. Whether in the cloud, at the edge or in your hand, real-time and immersive applications depend on data throughput and integrity. Rambus products and innovations deliver the increased bandwidth, capacity and security required to meet the world’s data needs and drive ever-greater end-user experiences. For more information, visit rambus.com.