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The Hewlett Packard Enterprise Company (commonly referred to as HPE) is an American multinational enterprise information technology company based in San Jose, California [2], founded on 1 November 2015 as part of splitting of the Hewlett-Packard company. HPE is a business-focused organization with two divisions: Enterprise Group, which works in servers, storage, networking, consulting and support, and Financial Services. On 4 December HPE reported FY2018 net revenue of $30.9 billion, up 7% from the prior year period.

Hewlett Packard Enterprise Company
Public
Traded as
IndustryComputer hardware
Computer software
Cloud computing
Internet of Things (IoT)
Artificial intelligence
Data storage and services
Computer networking
Blockchain
PredecessorHewlett-Packard
FoundedNovember 1, 2015; 3 years ago (2015-11-01)
Headquarters6280 America Center Dr., ,
Area served
Worldwide
Key people
ServicesConsulting
RevenueIncrease US$30.85 billion (2018)
Decrease US$1.85 billion (2018)
Increase US$1.90 billion (2018)
Total assetsDecrease US$55.49 billion (2018)
Total equityDecrease US$21.23 billion (2018)
Number of employees
60,000 (2018)
Divisions
  • Enterprise Group (services, storage, network, networking, consulting, support)
  • Software
  • Financial Services
  • Hewlett Packard Labs
SubsidiariesAruba Networks
Websitewww.hpe.com
Footnotes / references
[1]

The split was structured so that the former Hewlett-Packard Company would change its name to HP Inc. and spin off Hewlett Packard Enterprise as a newly created company. 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. According to notes from 2015,[3] HPE's revenue was slightly less than that of HP Inc. In 2017, it spun off its Enterprise Services business and merged it with Computer Sciences Corporation to become DXC Technology. It also spun off its software business and merged it with Micro Focus. HPE ranked No. 107 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[4]

Contents

NamingEdit

The full name for the company is Hewlett Packard Enterprise Company, which drops the hyphen that previously existed between the "Hewlett" and "Packard" of the former Hewlett-Packard Company. During and since the separation, many media outlets have incorrectly named the new organization with some using "HP Enterprises"[5] or "HP Enterprise".[6][7]

HistoryEdit

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.[8] The merger of HPE Enterprise Services with CSC, to form a new company DXC Technology, was completed on 10 March 2017. Approximately 100,000 current HPE employees are affected. More than 30,000 services employees from other areas of the HPE business will remain at HPE including technology services support and consulting as well as software professional services.[citation needed]

In August 2016, the company announced plans to acquire Silicon Graphics International (SGI), known for their capabilities in high performance computing.[9] On 1 November 2016, HPE announced it completed the acquisition, for US$7.75 per share in cash,[10] a transaction valued at approximately US$275 million, net of cash and debt.[11]

On 7 September 2016, HPE announced a "spin-merge" with Micro Focus, where Micro Focus would acquire its "non-core" software, and HPE shareholders would own 50.1 percent of the merged company, which would retain its current name.[12] The merger concluded on 1 September 2017.[13]

In November 2016, PC World wrote "HPE, and before it, Hewlett-Packard, failed to develop middleware tools to really make a dent in the software market, where other companies like IBM, SAP, and Oracle are excelling" and that "without major software product lines, HPE’s integrated offerings won’t be as strong as competitors like Dell, which have the software and hardware assets, adding that "If all HPE is doing at this point is focusing largely on hardware, you have to ask what the end game here is."[14]

In September 2016, Hewlett Packard Enterprise transferred two patents to a Texas-based wholly owned shell company Plectrum LLC. These two patents were originated at the 3Com Corporation, which was bought by HP in 2010, along with about 1,400 patents. US Patent No. 6,205,149  is entitled "Quality of service control mechanism and apparatus," while US Patent No. 5,978,951  describes the use of a "high speed cache management unit" which replaces some software-based systems with hardware in order to reduce latency time.[citation needed]

On 11 April 2017, it was reported that Synack had raised US$21 million in a round of funding that included Hewlett Packard Enterprise.[15]

In January 2017, the company acquired data management platform SimpliVity, the developer of the OmniCube hyper-converged infrastructure appliance, for US$ 650M.[16]

In April 2017, Hewlett Packard Enterprise completed its acquisition of hybrid flash and all flash manufacturer, Nimble Storage Inc, for US$1.2 billion or US$12.50 per share. In October, Reuters reported that the company had allowed a Russian defense agency to examine a cyber-defense system used by The Pentagon. The report noted: "Six former U.S. intelligence officials, as well as former ArcSight [Hewlett Packard Enterprise] employees and independent security experts, said the source code review could help Moscow discover weaknesses in the software, potentially helping attackers to blind the U.S. military to a cyber attack."[17]

In November 2017, Meg Whitman announced that she will be stepping down as CEO, after six years at the helm of HP and HPE, she noted that on 1 February 2018 Antonio Neri[18] officially became HPE’s President and Chief Executive Officer. The announcement created controversy leading to a 6% drop in stock price, which quickly recovered during the next few days.[19]

In June 2018, Hewlett Packard Enterprise launched a hybrid cloud service called GreenLake Hybrid Cloud, which is built on top of HPE's OneSphere cloud management SaaS offering.[20] GreenLake Hybrid Cloud is designed to provide cloud management, cost control, and compliance control capabilities, and will run on AWS and Microsoft Azure.[21]

In February 2019, Meg Whitman announced that she will not be seeking re-election to the board of directors, ending her professional involvement in HPE.[22]

In May 2019, Hewlett Packard Enterprise announced plans to acquire Cray for nearly US$1.3 billion or US$35 per share, soon after Cray landed a US$600 million US Department of Energy contract to supply the Frontier supercomputer to Oak Ridge National Laboratory in 2021.[23]

ProductsEdit

  • Intelligent Edge: ProCurve, 3Com, Aruba Networks.
  • Hybrid IT: HPE 3PAR, Nimble Storage, HP XP, HPE GreenLake Hybrid Cloud, ProLiant, Edgeline, HPE Integrity Servers, NonStop, HPE Superdome, Apollo (High-Performance Computing), Cloudline, Synergy, Simplivity (HyperConvergence), OneView, OneSphere, Communications & Media Solutions
  • HPE Server: ProLiant, Synergy, Cloudline, Edgeline, HPE Integrity Servers, NonStop, HPE Superdome, Apollo (High-Performance Computing), Simplivity (HyperConvergence)
  • HPE Networking: Aruba Networks
  • HPE Storage: HPE 3PAR, Nimble Storage, HP XP, HPE GreenLake Hybrid Cloud

Operating segmentsEdit

  • Intelligent Edge – 10.1% of 2018 revenues – offers platforms designed for network security,
  • Hybrid IT – 11.9% of 2018 revenues – offers platforms designed for compute, storage, networking and IT services,
  • Financial Services – 7.8% of 2018 revenues – provides investment strategies to accelerate digital transformation

AcquisitionsEdit

Company acquired Date of acquisition Business Country Price
Silicon Graphics International (SGI) November 1, 2016 Hardware and software US $275M[24]
SimpliVity January 17, 2017 Hyperconverged infrastructure US $650M[25]
Niara February 1, 2017 Network security US N/A[26]
Nimble Storage April 17, 2017 Storage US $1.2B[27][28][29]
Cloud Technology Partners September 5, 2017 Cloud services US N/A[30][31][32][33]
Cape Networks March 27, 2018 Network security South Africa N/A[34]
RedPixie April 10, 2018 Cloud consulting UK N/A[35]
Plexxi May 15, 2018 Software-defined networking US N/A[36]
BlueData November 27, 2018 Software US N/A[37]
Cray proposed Hardware and software US $1.3B[38]

See alsoEdit

ReferencesEdit

  1. ^ "2018 Form 10-K" (PDF). Financial - Hewlett Packard Enterprise. p. 8. Retrieved January 22, 2019.
  2. ^ "Office Locations HPE WW Office Locations". HPE. Retrieved March 20, 2019.
  3. ^ "Hewlett Packard Enterprise Revenue 2013-2019". Macrotrends. Retrieved April 2, 2019.
  4. ^ "Fortune 500 Companies 2018: Who Made the List". Fortune. Retrieved November 10, 2018.
  5. ^ "HP to Cut Up to 30,000 Jobs". Al Jazeera America. September 15, 2015. Retrieved September 28, 2017.
  6. ^ Dignan, Larry (November 2, 2015). "HP Inc., HPE launch: Questions abound for both". ZDNet. Retrieved September 28, 2017.
  7. ^ Tyson, Mark (November 2, 2015). "Hewlett-Packard becomes HP Inc. and Hewlett Packard Enterprise". Hexus. Retrieved September 28, 2017.
  8. ^ Bailey, Brandon (May 24, 2016). "HP Enterprise selling tech services business to rival". AP. Retrieved September 28, 2017.
  9. ^ "Hewlett Packard Enterprise Wins "Gold" in Data Analytics, High-Performance Computing with Acquisition of SGI". www.hpe.com. August 11, 2016. Archived from the original on September 11, 2016. Retrieved September 28, 2017.
  10. ^ "Hewlett Packard Enterprise Completes Acquisition of SGI" (Press release). Hewlett Packard Enterprise. November 1, 2016. Archived from the original on November 3, 2016. Retrieved September 28, 2017.
  11. ^ "Hewlett Packard Enterprise to Acquire SGI to Extend Leadership in High Growth Big Data Analytics and High Performance Computing" (Press release). August 11, 2016. Retrieved September 28, 2017.
  12. ^ Wang, Christine (September 7, 2016). "Hewlett Packard Enterprise earnings: 49 cents per share vs 44 cents EPS est". CNBC. Retrieved September 28, 2017.
  13. ^ Titcomb, James (September 1, 2017). "Micro Focus becomes UK's biggest tech company as it completes £7bn HPE deal". The Telegraph. Retrieved September 28, 2017.
  14. ^ Shah, Agam (November 30, 2016). "A year after separation, HP and HP Enterprise are still trying to shed rust". PC World. Retrieved September 28, 2017.
  15. ^ Kuchler, Hannah (April 11, 2017). "Hacker-for-hire company Synack raises $21m". Financial Times. Retrieved September 28, 2017.
  16. ^ "HPE acquires SimpliVity for $650 million in cash". techcrunch.com. January 17, 2017. Retrieved March 29, 2018.
  17. ^ Schectman, Joel; Volz, Dustin & Stubbs, Jack (October 2, 2017). "Special Report: HP Enterprise let Russia scrutinize cyberdefense system used by Pentagon". Reuters.
  18. ^ https://www.hpe.com/us/en/leadership-bios/antonio-neri.html
  19. ^ Balakrishnan, Anita (November 21, 2017). "Meg Whitman to leave role as CEO of Hewlett Packard Enterprise, shares tumble 6%". CNBC. Retrieved January 3, 2018.
  20. ^ "HPE launches hybrid cloud-as-a-service offering". IT PRO. Retrieved June 22, 2018.
  21. ^ "HPE Doubles Down on Hybrid Cloud With Service Built on OneSphere". SDxCentral. Retrieved June 22, 2018.
  22. ^ Burke, Steven (February 1, 2019). "Former HPE CEO Meg Whitman To Leave Board Of Directors". CRN. Retrieved February 1, 2019.
  23. ^ Smith, Ryan (May 17, 2019). "Hewlett Packard Enterprise to Acquire Cray for $1.3 Billion". AnandTech. Purch. Retrieved May 17, 2019.
  24. ^ Novet, Jordan (August 11, 2016). "Hewlett Packard Enterprise acquires SGI for $275 million". VentureBeat. Retrieved May 4, 2019.
  25. ^ King, Rachael & Winkler, Rolfe (January 18, 2017). "HPE to Acquire Data-Storage Startup SimpliVity for $650 Million in Cash". WSJ. Retrieved May 4, 2019.
  26. ^ Ribeiro, John (February 1, 2017). "HPE acquires security startup Niara to boost its ClearPass portfolio". PCWorld. Retrieved May 4, 2019.
  27. ^ King, Rachael (March 7, 2017). "HP Enterprise to Acquire Nimble Storage for About $1 Billion". WSJ. Retrieved March 7, 2017.
  28. ^ Gagliordi, Natalie (March 7, 2017). "HPE buys Nimble Storage for $1 billion". ZDNet. Retrieved May 4, 2019.
  29. ^ Preimesberger, Chris (April 17, 2017). "HPE Completes Acquisition of Nimble Storage Earlier Than Planned". eWeek. Retrieved May 4, 2019.
  30. ^ "HPE Shopping Spree Continues With Purchase of This Cloud Specialist". Fortune. Retrieved May 4, 2019.
  31. ^ "HPE Buys 200-Person AWS Consulting Workhorse Cloud Technology Partners". CRN. Retrieved May 4, 2019.
  32. ^ "HPE to acquire consulting firm Cloud Technology Partners". ZDNet. Retrieved May 4, 2019.
  33. ^ "HPE to acquire consulting firm Cloud Technology Partners". ZDNet. Retrieved May 4, 2019.
  34. ^ "SA's Cape Networks bought by Hewlett Packard Enterprise". techcentral.co.za. Retrieved May 4, 2019.
  35. ^ Hayward, Douglas & Wünsche, Sylvia (April 4, 2018). "HPE Acquires U.K.-Based Cloud Specialist RedPixie to Further Boost its Hybrid IT Services Expertise — A European View". IDC. Retrieved May 4, 2019.
  36. ^ Lunden, Ingrid (May 15, 2018). "HPE buys Plexxi to expand its hybrid cloud solutions". TechCrunch. Retrieved May 4, 2019.
  37. ^ Data Center Knowledge: [1], May 4, 2019
  38. ^ "HPE To Acquire Supercomputing Leader Cray". Retrieved May 17, 2019.

External linksEdit