![]() ![]() The merger concluded on September 1, 2017. On September 7, 2016, HPE announced a "spin-merge" with Micro Focus, who would acquire HPE's "non-core" software (which included the HP Autonomy unit), and HPE shareholders would own 50.1 percent of the merged company, which would retain its current name. On November 1, 2016, HPE announced it completed the acquisition, for US$7.75 per share in cash, a transaction valued at approximately US$275 million, net of cash and debt. In August 2016, the company announced plans to acquire Silicon Graphics International (SGI), known for their capabilities in high performance computing. More than 30,000 services employees from other areas of the HPE business remained at HPE including technology services support and consulting as well as software professional services. ![]() Approximately 100,000 current HPE employees were affected. The merger of HPE Enterprise Services with CSC, to form a new company DXC Technology, was completed on March 10, 2017. 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 US$8.5 billion. IT service management employees hold up the new company's logo rectangle in 2015. 107 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Also in 2017, it spun off its software business segment and merged it with Micro Focus. In 2017, HPE spun off its Enterprise Services business and merged it with Computer Sciences Corporation to become DXC Technology. At the time of the spin-off, HPE's revenue was slightly less than that of HP Inc. retained the old HP's personal computer and printing business, as well as its stock-price history and original NYSE ticker symbol for Hewlett-Packard Enterprise trades under its own ticker symbol: HPE. and spin off Hewlett Packard Enterprise as a newly created company. The split was structured so that the former Hewlett-Packard Company would change its name to HP Inc. It is a business-focused organization which works in servers, storage, networking, containerization software and consulting and support. HPE was founded on November 1, 2015, in Palo Alto, California, as part of the splitting of the Hewlett-Packard company. The Hewlett Packard Enterprise Company ( HPE) is an American multinational information technology company based in Spring, Texas, United States. ![]()
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