Hewlett Packard Enterprise
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| Public | |
| Traded as | |
| Industry | Information technology |
| Predecessor | Hewlett-Packard |
| Founded | November 1, 2015 |
| Headquarters | 3000 Hanover Street, Palo Alto, California, United States |
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Area served
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Worldwide |
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Key people
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| Revenue | US$52.107 billion (2015) |
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Number of employees
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 240,000 (2015) |
| Divisions |
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| Website | www |
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.
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" or "HP Enterprise".
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. 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. On November 1, 2016, HPE announced it completed the acquisition, for $7.75 per share in cash, a transaction valued at approximately $275 million, net of cash and debt.
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.
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Wikipedia