Internet of Things (IoT)
|Founded||November 1, 2015|
|Headquarters||6280 America Center Dr.,|
|Revenue||US$28.9 billion (2019)|
|US$2.24 billion (2019)|
|US$1.05 billion (2019)|
|US$51.8 billion (2019)|
|US$17.1 billion (2019)|
Number of employees
|Footnotes / references|
The Hewlett Packard Enterprise Company (HPE) is an American multinational enterprise information technology company based in San Jose, California, founded on November 1, 2015, as part of the 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 October 31, HPE reported FY2019 annual revenue of $29.135 billion, down 5.57% from the prior year period.
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, 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 was ranked No. 107 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
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. The company is commonly referred to as "Hewlett Packard Enterprise" or by its initials "HPE". The company has also been referred to as "HP Enterprise" by some media outlets and has even been incorrectly referred to as "HP Enterprises".
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. The merger of HPE Enterprise Services with CSC, to form a new company DXC Technology, was completed on March 10, 2017. Approximately 100,000 current HPE employees were 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.
In August 2016, the company announced plans to acquire Silicon Graphics International (SGI), known for their capabilities in high performance computing. 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.
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. The merger concluded on September 1, 2017.
In November 2016, PC World wrote that "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."
In September 2016, Hewlett Packard Enterprise transferred two patents to 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.
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."
In November 2017, Meg Whitman announced that she will be stepping down as CEO, after six years at the helm of HP and HPE, stating that, on February 1, 2018, Antonio Neri 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.
In June 2018, Hewlett Packard Enterprise launched a hybrid cloud service called GreenLake Hybrid Cloud, built on top of HPE's OneSphere cloud management SaaS offering. GreenLake Hybrid Cloud is designed to provide cloud management, cost control, and compliance control capabilities, and will run on AWS and Microsoft Azure.
In February 2019, Meg Whitman announced she would not be seeking re-election to the board of directors, ending her professional involvement in HPE.
In May 2019, Hewlett Packard Enterprise announced plans to acquire Cray Inc for US$35 per share. The announcement came soon after Cray had landed a US$600 million US Department of Energy contract to supply the Frontier supercomputer to Oak Ridge National Laboratory in 2021. The acquisition was completed in September 2019 in a transaction valued at approximately US$1.4 billion.
|Company acquired||Date of acquisition||Business||Country||Price|
|Silicon Graphics International (SGI)||November 1, 2016||Hardware and software||US||$275M|
|SimpliVity||January 17, 2017||Hyperconverged infrastructure||US||$650M|
|Niara||February 1, 2017||Network security||US||N/A|
|Nimble Storage||April 17, 2017||Storage||US||$1.2B|
|Cloud Technology Partners||September 5, 2017||Cloud services||US||N/A|
|Cape Networks||March 27, 2018||Network security||South Africa||N/A|
|RedPixie||April 10, 2018||Cloud consulting||UK||N/A|
|Plexxi||May 15, 2018||Software-defined networking||US||N/A|
|BlueData||December 18, 2018||Software||US||N/A|
|Cray||September 25, 2019||Hardware and software for supercomputers||US||$1.4B|
|Silver Peak||September 21, 2020||HPE completes acquisition of SD-WAN leader Silver Peak||US||$925 million|