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HP HPE software department successfully sold to Micro Focus: valued at about 8.8 billion US dollars

via:博客园     time:2017/9/5 10:01:27     readed:689

HP Enterprise (HPE) has finally completed its software sector sold to the British Micro Focus company's transaction, valued at about 8.8 billion US dollars. The news announces the end of the HPE software development legends (which dates back to $ 11 billion in 2011). Unfortunately, as part of HPE's expansion of the enterprise software business, this collaboration has been plagued by many major issues. For example, many of the executives in the team left in the first year, including CEO Leo Apotheker.


The company was followed by former chief executive Mike Lynch and chief financial officer Sushovan Hussain, who were also involved in illegal activities (the case continued).

However, security platforms such as ArcSight show that their software business is still attractive, even if the original HP in November 2015 was split into HP Inc. and HPE two companies.

The deal also makes Micro Focus, headquartered in Newbury, the largest technology company listed on the London Stock Exchange, and the world's seventh-largest software company.

As part of this transaction, former HP chief operating officer Chris Hsu was also appointed chief executive officer of Micro Focus. The company currently only R & D department, there are more than 5,800 employees.

[Compiled from:BetaNews]

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