HPE Reportedly in Talks With Investment Firm to Sell Software Unit
The company is negotiating with Thoma Bravo to sell the group, which includes Autonomy and Vertica, for as much as $10 billion.Hewlett Packard Enterprise officials reportedly are negotiating with investment firm Thoma Bravo to sell its software business, the latest step in an ongoing story that started earlier this summer. According to a Reuters report citing unnamed sources, Thoma Bravo is one of several private equity firms to make bids on HPE's software assets, coming in with the highest offer—between $8 billion and $10 billion. No deal has been finalized, and the sources said Thoma Bravo may end up buying only some of the assets or none at all. The latest report follows several others over the past few months that indicated HPE CEO Meg Whitman was interested in selling the software unit—which includes the Autonomy, Vertica and Mercury Interactive—as part of a larger effort to restructure the company to focus on such areas as data center infrastructure and the cloud. The report also comes the same week as HPE's Big Data Conference in Boston, where company officials unveiled new features and extended cloud platform support in the latest version of the Vertica analytics software.
HPE officials continue to remake the company as it looks to thrive in an increasingly digital world driven by such trends as the cloud, data analytics, the internet of things (IoT), artificial intelligence (AI) and machine learning, virtualization and software-defined data centers. HPE was created in November 2015 when Hewlett-Packard broke in two. HPE develops enterprise IT solutions, while HP Inc. sells PCs and printers.