First the news: HPE, the relatively new company that itself was the creation of the cleaving of Hewlett-Packard’s printer and other businesses, is undergoing yet another change. After a series of HPE divestments, the company announced yesterday that it is planning on spinning off its “non-core” software assets and merging them with Micro Focus.

In terms of the structure, HPE will receive $2.5 billion in cash and its shareholders will own 50.1% of the new company, in a deal which is valued at $8.8 billion.

HPE’s somewhat embattled CEO, Meg Whitman, is saying that the deal is an “important step” and part of HPE’s strategy to “unlock a faster growing, higher margin, stronger cash flow company.” Well, she would say that.

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Ben Kepes

Ben Kepes is a technology evangelist, an investor, a commentator and a business adviser. Ben covers the convergence of technology, mobile, ubiquity and agility, all enabled by the Cloud. His areas of interest extend to enterprise software, software integration, financial/accounting software, platforms and infrastructure as well as articulating technology simply for everyday users.