Stories
Slash Boxes
Comments

SoylentNews is people

posted by cmn32480 on Sunday September 03 2017, @05:03PM   Printer-friendly
from the let-the-bug-hunt-begin dept.

Submitted via IRC for Bytram

HPE says it has closed the $8.8bn deal to spin off much of its software business with Micro Focus.

The enterprise giant said that the deal – which sees HPE merge the unwanted portion of its software operation with the UK-based Micro Focus to create what analysts estimate to be the seventh-largest software vendor in the world – had been finalized.

"With the completion of this transaction, HPE has achieved a major milestone in becoming a stronger, more focused company, purpose-built to compete and win in today's market," said HPE CEO Meg Whitman.

"And, this transaction will deliver approximately $8.8bn to HPE and its stockholders."

First announced in September 2016, the reverse-takeover agreement sees HPE selling off its IT management, big data, and security lines to Micro Focus, which will try to make the products more successful than they were under the former HP Inc.

Source: https://www.theregister.co.uk/2017/09/01/hpe_8bn_micro_focus_software_spinoff/


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 5, Interesting) by frojack on Sunday September 03 2017, @07:21PM (1 child)

    by frojack (1554) on Sunday September 03 2017, @07:21PM (#563206) Journal

    The only reason to care about the steaming pile dumped on MicroFocus's death cart is that it contains Suse Linux [suse.com] as well as Opensuse.

    They still offer their horribly overpriced COBOL as well as a boat load of crapware that the company has accumulated from dying companies.

    It seems like every generation in the software industry some company is selected to accumulate all the detritus of broken dreams with just enough customers clinging to them to drive each of them separately into bankruptcy. The Idea is that they might somehow survive if they all climb into the same overcrowded lifeboat. Remember the death throes of AOL? What? not dead yet? Throw them on the cart anyway.

    Still you hate to see Suse end up on that cart. They actually had a visible means of support with their Suse Linux Enterprise Server. Or they did till their own Government passed them over [wikipedia.org] for some un-heard of not ready for prime time Ubuntu clone.

    --
    No, you are mistaken. I've always had this sig.
    Starting Score:    1  point
    Moderation   +3  
       Insightful=1, Interesting=2, Total=3
    Extra 'Interesting' Modifier   0  
    Karma-Bonus Modifier   +1  

    Total Score:   5  
  • (Score: 0) by Anonymous Coward on Monday September 04 2017, @04:23AM

    by Anonymous Coward on Monday September 04 2017, @04:23AM (#563286)

    SUSE is managed as an "independent" company inside MicroFocus. MicroFocus sees SUSE as important for future growth while the rest of the heap is managed under the MicroFocus umbrella. This is why SUSE and openSUSE remain its own brands.

    If you look at MicroFocus history, they've had great success at managing the zombies. SUSE, on the other hand, is not quite a zombie, but I guess they got it when they acquired that other company that got SUSE when it was in its own death throes.

    SUSE and RedHat have had comparable profit growth over last few years. Definitely making some good money now. See MicroFocus financial statements for real numbers.

    Disclaimer: working at SUSE so posting anonymously.