Wells Fargo Supply Chain Finance completed a $33 million credit facility for Penguin Computing, a supplier of computing (HPC), enterprise data center and cloud solutions.
The facility will support Penguin Computing’s current and future growth opportunities as the company meets new demand for its data center and solutions.
“We’re seeing high levels of demand for our hardware, software and cloud solutions,” said Lisa Cummins Dulchinos, CFO, Penguin Computing. “Wells Fargo’s creative financing helps supplement the expansion of our manufacturing facilities as we deliver more solutions to the enterprises, government agencies and academic institutions making sense of the data created by AI, IoT and similar big data initiatives.”
Penguin Computing products include Linux-based servers, software, integrated, turn-key clusters, enterprise-grade storage and bare metal HPC on cloud via Penguin Computing On-Demand.
