Friday, September 02, 2016

Exclusive: HP Enterprise in talks to sell software unit to Thoma Bravo - sources | Reuters

Expected to fetch between $8B and $10B

"HPE's software unit generated $3.6 billion in net revenue in 2015, down from $3.9 billion in 2014. The company has said revenue growth in its software unit has been challenged by a market shift toward cloud subscription offerings.

HPE acquired part of its software portfolio as a result of its ill-fated $10.3 billion acquisition of Autonomy Corp in 2011 and the $4.5 billion acquisition of Mercury Interactive in 2006.

The software assets also include Vertica, a big data analytics platform, ArcSight, a cyber security firm as well as products for IT operations management."
Exclusive: HP Enterprise in talks to sell software unit to Thoma Bravo - sources | Reuters
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