SourceCode, a pioneer of co-designed, custom, certified IT systems for next generation AI infrastructure spanning the cloud, datacenter and edge, today announced that it has agreed to acquire UK-EU-based Boston Limited, a leading provider of high-performance server and storage solutions for the significant growth in business around data, media, and AI as well as traditional IT workloads. SourceCode is a portfolio company of Cerberus Capital Management, L.P. ("Cerberus"), a global leader in alternative investing. The transaction is expected to close on June 30, 2023.
With a combined presence across four continents, the synergistic addition of Boston Limited will create a global powerhouse able to serve local and global customers with a rich set of device-to-datacenter-to-cloud offerings.
Arthur Ataie, SourceCode CEO, said: "As the world moves towards intelligent infrastructure, the modern enterprise with its burgeoning specialized workloads demands a new approach to IT solutions. The addition of Boston Limited, further enables us to address the industry's need for a new class of technology partner, one that delivers customer-first, engineering-led, best-in-class solutions — from intelligent edge devices to data centers and the cloud."
With an increase in size, scope, and strength, SourceCode is also strengthening its collaboration with its long-term trusted partners in the semiconductor, original device manufacturers (ODM), and software industries. This will allow SourceCode to better serve the needs of its clients—with a broader product portfolio, stronger supply chain, and worldwide reach.
"I am very happy to see two of our oldest friends join hands to make a bigger group that can leverage the systems we design and manufacture at Supermicro. Our facilities are well known to both SourceCode and Boston and I feel this is a strong move that will provide benefits to all of us and the industry," commented Charles Liang, Founder and CEO of Super Micro Computer Inc.
Boston Limited original founders, Manoj Nayee and Dev Tyagi, will continue in the combined company.
"It seems like a homecoming!" said Manoj Nayee, Managing Director and co-founder of Boston Limited. "Boston and SourceCode were both founded in 1992 and share a proud heritage, a customer-first culture, and excellent reputation with leading organizations across four continents. As we serve more global customers with a richer set of customized solutions, the time is right to join forces with SourceCode. We are entering this next phase with a clear strategy, unrelenting support, and long-term commitment to work towards accelerated growth with the executive teams at SourceCode and Cerberus Capital Management."
SourceCode will accelerate its already substantial focus on delivering co-designed and customized computing solutions for emerging needs such as generative artificial intelligence, intelligent edge compute, and high-performance computing, offering solutions for edge devices to datacenter and large-scale systems.
Michael Sanford, Global Head of Private Equity at Cerberus, added: "SourceCode is a key player in enabling critically important technology infrastructures, which is an area of focus for Cerberus. This combination creates a global leader serving partners across industry verticals and governmental organizations." Cerberus acquired SourceCode in 2021.
About SourceCode
Founded in 1992, SourceCode is a global provider of co-designed, custom, certified IT systems for next generation intelligent infrastructure. The company's edge devices, desktop, servers, storage, clusters, and reference architectures are available via its industry-leading ecommerce platform as well as its customer-centered engineering-led engagement model.