Hewlett-Packard has revealed that it plans to cease production of eBusiness software. The company has experienced heavy losses in the eBusiness software field and has decided to create partnerships with other software companies to offer customers the programs they require to take their businesses to the web. HP plans to retire its middleware software, which includes the company’s application server software technology.
The decision to withdraw its eBusiness software was taken following the company’s merger with Compaq. Hewlett-Packard’s post merger plans include turning around unprofitable areas of its business. The company’s software business generates around $1 billion in revenues per year but is being hampered by its under performing eBusiness software segment.
Hewlett-Packard will formally announce its planned software strategy at the end of June.