Hewlett Packard Enterprise

Hewlett Packard Enterprise Company
Public
Traded as
Industry Information technology
Predecessor Hewlett-Packard
Founded November 1, 2015 (2015-11-01)
Headquarters 3000 Hanover Street, Palo Alto, California, United States
Area served
 Worldwide
Key people
Revenue US$52.107 billion (2015)
Number of employees
 Decrease 240,000 (2015)
Divisions
  • Enterprise Group (services, storage, network, networking, consulting, support)
  • Enterprise Services
  • Software
  • Financial Services
Website www.hpe.com

Hewlett Packard Enterprise Company (commonly referred to as Hewlett Packard Enterprise or HPE) is an American multinational enterprise information technology company based in Palo Alto, California, founded on 1 November 2015 as part of splitting of the Hewlett-Packard company. HPE is a business-focused organization with four divisions: Enterprise Group, which works in servers, storage, networking, consulting and support; Services; Software; and Financial Services.

The split was structured so that the old Hewlett-Packard changed its name to HP Inc. and spun off Hewlett Packard Enterprise as a newly created company. HP Inc., which retained the old HP's personal computer and printing business, retained the old HP's stock-price history and the original NYSE ticker symbol for Hewlett-Packard, while Enterprise trades under its own ticker symbol: HPE. According to notes from 2015, HPE's revenue was slightly less than that of HP Inc.

Naming

The full name for the company is Hewlett Packard Enterprise Company, which drops the hyphen that previously existed between the "Hewlett" and "Packard" of the former Hewlett-Packard Company. During and since the separation, many media outlets have incorrectly named the new organization with some using "HP Enterprises"[1] or "HP Enterprise".[2][3]

History

In May 2016, the company announced it would sell its Enterprise Services division to one of its competitors, Computer Sciences Corporation in a deal valued at $8.5 billion.[4] The merger of HPE Enterprise Services with CSC is expected to complete by March 2017. Approximately 100,000 current HPE employees are affected. More than 30,000 services employees from other areas of the HPE business will remain at HPE including Technology Services Support and Consulting as well as Software professional services.

In August 2016, the company announced plans to acquire Silicon Graphics International (SGI), known for their capabilities in high performance computing.[5] On November 1, 2016, HPE announced it completed the acquisition, for $7.75 per share in cash,[6] a transaction valued at approximately $275 million, net of cash and debt.[7]

On September 7, 2016, HPE announced a "spin-merge" with Micro Focus International, where Micro Focus would acquire its "non-core" software, and HPE shareholders would own 50.1 percent of the merged company, which would retain its current name.[8]

On November 2016 PC World wrote “HPE, and before it, Hewlett-Packard, failed to develop middleware tools to really make a dent in the software market, where other companies like IBM, SAP, and Oracle are excelling” and that "without major software product lines, HPE’s integrated offerings won’t be as strong as competitors like Dell, which have the software and hardware assets, adding that “If all HPE is doing at this point is focusing largely on hardware, you have to ask what the end game here is”.[9]

Executive leadership

Products

See also

References

This article is issued from Wikipedia - version of the 12/4/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.