Equity Firms Looking Into Acquiring HPE: Reports

By eWEEK Staff  |  Posted 2016-08-01 Print this article Print

DAILY VIDEO: Private Equity Firms Reportedly Want to Buy HPE or Its Software Units; IBM Launches QRadar User Behavior Analytics App; Google Rolls Out Android Add-Ons for Sheets and Docs; and there's more.

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According to separate reports citing unnamed sources, private equity groups are either interested in buying some of Hewlett Packard Enterprise's software assets, including Autonomy and Vertica, that HPE is said to be considering shedding or they are looking to buy the giant tech vendor outright for about $40 billion and taking it private.

Either direction would continue a significant restructuring the company has undergone since Hewlett-Packard split in two in November 2015, creating enterprise IT solutions provider HPE and HP Inc., which sells PCs and printers.

Since then, the company has spun out its IT services arm and sold off most of its stake in a subsidiary in India, and continues to remake its workforce structures.

IBM has delivered its new IBM QRadar User Behavior Analytics application, which enables enterprise security teams to look deeply into their organizations' IT environments to root out abnormal behavior that can or has caused cyber-threats.

The free application, available on the IBM Security App Exchange, is designed to target insider threats, which make up 60 percent of all cyber-attacks within organizations today, Pat Vandenberg, IBM Security program director, told eWEEK.

The new application uses existing QRadar security data with user information pulled from the entire IT environment. QRadar is IBM's security intelligence technology that helps enterprises quickly prioritize threats.

IBM QRadar pulls in log events and network flow data from thousands of devices, endpoints and applications distributed across a company's network.

A set of new add-ons for Google Docs and Sheets aims to give users of the two apps the ability to do a lot more work-related tasks with their mobile phones. Google last week announced that products from eight vendors have now been tightly integrated with its Docs and Sheets productivity tools.

The new Android add-ons for Docs and Sheets include DocuSign, an app for electronically signing documents; ProsperWorks for importing customer relationship management data to a mobile device; ScanBot for scanning business documents; and EasyBib for adding citations to a Google Doc.

Car maker Tesla and Mobileye, which provides technologies for semiautonomous cars, will part ways in the wake of a fatal crash in Florida in May involving a self-driving test vehicle from Telsa using Mobileye products and a truck.

The accident involving the Tesla Model S car killed the vehicle's driver and came at a time when greater attention is being put onto the idea of cars eventually being able to drive without human intervention.

Following the crash, the two companies had different views of what might have caused the crash. Mobileye officials said that the vendor's work with Tesla will end after the current contract runs out.

Mobileye is looking to transition from being a traditional supplier of products to OEMs. Instead the company wants to embrace projects in which the company is more of a partner in developing driverless cars.

Mobileye is working on the next generation of its vision-based platform—EyeQ4—which includes computer chips and algorithms designed to collect and analyze data in real time from cameras in a car.


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