SourceCode™ Expands Global AI Presence with Acquisition of Boston Limited
NORWOOD, Mass., June 26, 2023 /PRNewswire/ -- 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.
- SourceCode is a portfolio company of Cerberus Capital Management, L.P. ("Cerberus"), a global leader in alternative investing.
- 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.
- In addition to this acquisition, I am delighted to welcome globally recognized industry leaders Alain and Peter to our Board.
- These appointments, alongside our combination with the talented team at Boston Limited, position SourceCode exceptionally well for the future."