News: Deal could help HPE focus on data centre technology.
HPE could be looking to sell off its entire software division for up to $10bn.
Over the past couple of years HPE has gone through a number of changes, firstly splitting in two from HP to HP Inc, and Hewlett Packard Enterprise, then the spin-off and merger of its Enterprise Services business with CSC, and now the potential sale of its software division.
A number of private equity firms are said to have been approached regarding the acquisition, according to Reuters. These include Thoma Bravo and Vista Equity, which are said to be pursuing an acquisition after initial bids in the range of $7bn to $7.5bn.
Last year the HPE software division produced sales of $3.6bn, which is 7% of the group total.
Plenty of rumours appear to be flying about the future of the tech company with reports a few weeks ago suggesting that it could be the subject of a $40bn buyout.
Among the rumours have come a number of executive reshuffles that has seen Head of Cloud Bill Hilf, along with Manish Goel, HPE’s storage boss, leaving the company for pastures new.
It would appear that the sale of the software division would help the company to focus more on data centre technology.