Cloud Computing: HP Enterprise to Spin Off, Merge Services Business
May 25, 2016
Grazed from WSJ. Author: Don Clark.
Hewlett Packard Enterprise Co. plans to spin off most of its technology services operations and merge them with those of Computer Sciences Corp., in an $8.5 billion transaction that marks HP Enterprise’s latest adjustment to a shifting landscape that is roiling the market for corporate technology.
HP Enterprise will shed a business that accounts for roughly 100,000 employees, or two-thirds of the Silicon Valley giant’s workforce. The deal, a blockbuster follow-up to the breakup of Hewlett-Packard Co. last fall, will create a corporate technology services specialist that will be led by Computer Sciences executives and have roughly $26 billion in annual revenue, the companies said…
The remaining HP Enterprise operations will concentrate mainly on software, server systems, networking and storage hardware…
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