Today, Hewlett Packard Enterprise announced plans to spin off and merge its software assets with Micro Focus, a global enterprise software company.
The combination of these software assets – which includes HPE’s Application Delivery Management, Big Data, Enterprise Security, Information Management & Governance, and IT Operations Management businesses – and Micro Focus’s highly complementary portfolio will create one of the world’s largest pure-play software companies. The new company will have the global footprint, agility and financial strength to drive software innovation across a comprehensive array of products.
At the same time, the move enables a standalone HPE to realize its vision of being the industry’s leading provider of hybrid IT, built on the secure, next-generation, software-defined infrastructure that will run customers’ data centers today, bridge them to multi-cloud environments tomorrow, and enable the emerging intelligent edge that will power campus, branch and IoT applications for decades to come.
Below, we share the numbers behind this transaction. Read the press release for more information and forward-looking statements.