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Hewlett Packard Enterprise

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Hewlett Packard Enterprise Company
Company typePublic
IndustryInformation technology
PredecessorHewlett-Packard
FoundedNovember 1, 2015; 9 years ago (2015-11-01)
Headquarters3000 Hanover Street,
Palo Alto, California
,
United States
Area served
Worldwide
Key people
RevenueUS$52.107 billion (2015)
782,000,000 United States dollar (2022) Edit this on Wikidata
868,000,000 United States dollar (2022) Edit this on Wikidata
Total assets55,493,000,000 United States dollar (2018) Edit this on Wikidata
Number of employees
Decrease 195,000 (Jan 2017)
Divisions
  • Enterprise Group (services, storage, network, networking, consulting, support)
  • Software
  • Financial Services
Websitewww.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,[which?] HPE's revenue was slightly less than that of HP Inc. In 2017 it spun off its Enterprise Services business to become DXC Technology.

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, to form a new company DXC Technology, was completed on 10 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, 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]

In 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]

In September, 2016, Hewlett Packard Enterprise has transferred two patents to a Texas based wholly owned shell company Plectrum LLC. These two patents were originated at the 3Com Corporation, which was bought by HP in 2010, along with about 1,400 patents. US Patent No. 6,205,149 is entitled "Quality of service control mechanism and apparatus," while US Patent No. 5,978,951 describes the use of a "high speed cache management unit" which replaces some software-based systems with hardware in order to reduce latency time.[citation needed] On April 11, 2017, it was reported that Synack had raised $21 million in a round of funding that included Hewlett Packard Enterprise.[10]

In April 2017, Hewlett Packard Enterprise completed its acquisition of hybrid flash and all flash manufacturer, Nimble Storage Inc, for $1.2billion or $12.50 per share.

Executive leadership

Products

See also

References

  1. ^ "HP to Cut Up to 30,000 Jobs - Al Jazeera America".
  2. ^ Larry Dignan. "HP Inc., HPE launch: Questions abound for both". ZDNet.
  3. ^ "Hewlett-Packard becomes HP Inc. and Hewlett Packard Enterprise".
  4. ^ Bailey, Brandon (May 25, 2016). "HP Enterprise selling tech services business to rival". St. Louis Post-Dispatch. Retrieved May 25, 2016.[permanent dead link]
  5. ^ "Hewlett Packard Enterprise Wins "Gold" in Data Analytics, High-Performance Computing with Acquisition of SGI". www.hpe.com. Retrieved August 11, 2016.
  6. ^ https://www.hpe.com/us/en/newsroom/news-archive/press-release/2016/11/Hewlett-Packard-Enterprise-Completes-Acquisition-of-SGI.html
  7. ^ http://investors.sgi.com/releasedetail.cfm?ReleaseID=984160
  8. ^ Christine Wang (September 7, 2016). "Hewlett Packard Enterprise earnings: 49 cents per share vs 44 cents EPS est". CNBC. Retrieved September 7, 2016.
  9. ^ "A year after separation, HP and HP Enterprise are still trying to shed rust". PC Worl. Retrieved November 30, 2011.
  10. ^ Kuchler, Hannah (April 11, 2017). "Hacker-for-hire company Synack raises $21m". Financial Times. Retrieved April 30, 2017.
  • Official website
  • Business data for Hewlett Packard Enterprise:

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