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September 8, 2016 12:00 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/wVNVRy77IRM/hp-enterprise-reaches-88-billion-deal-with-micro-focus-for-software-assets
HP Enterprise Reaches $8.8 Billion Deal With Micro Focus For Software Assets
An anonymous reader quotes a report from Reuters: Hewlett Packard Enterprise Co will spin off and merge its non-core software assets with Britain's Micro Focus International Plc in a deal worth $8.8 billion, the companies said on Wednesday. The move is part of HPE Chief Executive Meg Whitman's plans to shift HPE's strategy to a few key areas such as networking, storage and technology services since the company separated last year from computer and printer maker HP Inc. The deal with Micro Focus, a multinational software company based in Newbury, United Kingdom, was announced along with HPE's latest quarterly earnings. In the third quarter, HPE reported net revenue of $12.2 billion, down 6 percent from $13.1 billion a year earlier. In the deal, HPE is sending one of the British firms it acquired back to where it started. HPE acquired part of its software portfolio through the $10.3 billion purchase of Britain's Autonomy Corp Plc in 2011. HP's $11 billion purchase of Autonomy was supposed to form the central part of the U.S. group's move into software. Other HPE assets that will be merged include software for application delivery management, big data, enterprise security, information management and governance and IT Operations management businesses.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/wVNVRy77IRM/hp-enterprise-reaches-88-billion-deal-with-micro-focus-for-software-assets
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