Showing posts with label Micro Focus. Show all posts
Showing posts with label Micro Focus. Show all posts

Sunday, September 3, 2017

Merger completed between HPE Software and Micro Focus

HPE Software and Micro Focus completed their merger creating the seventh largest pure-play software company with annual revenues of $4.4 billion in a transaction valued at $8.8 billion.

The combined company will use the Micro Focus name and maintain its listing on the London Stock Exchange, where it is now the largest UK technology firm.

Chris Hsu, formerly COO of HPE and Executive Vice President and General Manager of HPE Software, was appointed CEO of Micro Focus.

“Today marks a significant milestone for Micro Focus, and I am honored to be leading this team,” said Chris Hsu, Chief Executive Officer of Micro Focus. “We are bringing together a powerful combination of technology and talent uniquely positioned to drive customer-centered innovation at enterprise scale – enabling organizations to maximize the ROI of existing software investments while embracing the new hybrid model for enterprise IT.”



Wednesday, September 7, 2016

HPE to Spin Out Software Group with Micro Focus

Hewlett Packard Enterprise (HPE) will spin-off its non-core software assets, merging this business unit with Micro Focus.  The deal was valued at approximately $8.8 billion.

The software assets include HPE’s Application Delivery Management, Big Data, Enterprise Security, Information Management & Governance and IT Operations Management businesses.  These will be merged with Micro Focus, thereby creating one of the world’s largest pure-play software companies.

Micro Focus, which is headquartered in Newbury, United Kingdom, supplies identity access and security solutions; COBOL development and mainframe solutions; development and IT operations management tools; gost connectivity solutions; and collaboration and networking solutions.  Micro Focus also owns SUSE, which supplies enterprise Linux and Open Stack solutions.

In addition to the spin-off/merger, HPE and Micro Focus announced plans for a commercial partnership that will name SUSE as HPE’s preferred Linux partner and will bring together HPE’s Helion OpenStack and Stackato solutions with SUSE’s OpenStack expertise to provide best-in-class enterprise-grade hybrid cloud offerings for HPE customers.

“With today’s announcement, we are taking another important step in achieving the vision of creating a faster-growing, higher-margin, stronger cash flow company well positioned for our customers and for the future,” said Meg Whitman, President and Chief Executive Officer of HPE.

http://investors.hpe.com/

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