YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Hewlett Packard Enterprise Co. plans to spin off and merge its noncore software assets with Britain's Micro Focus International in a deal worth $8.8 billion.
The action follows HPE's recent strategy of focusing on networking, storage and technology following the separation last year from computer and printer maker HP Inc.
"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," HPE CEO Meg Whitman said in a statement.
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