Fix-it merchant Micro Focus reclaims Hewlett Packard Enterprise
Unglamorous Micro Focus may be smaller than HPE, but their impressive record in increasing profits makes this a worthy deal
You won’t find the word “Autonomy” anywhere in Micro Focus’ 27-page announcement of its $8.8bn (£6.6bn) deal to take control of Hewlett Packard Enterprise’s software division. The UK’s newest technology champion isn’t exactly crowing about reclaiming for the nation bits and pieces of a former famous member of the FTSE 100 index.
The omission was wise. First, Hewlett-Packard’s $11bn purchase of Cambridge-based Autonomy in 2011 was the deal that precipitated crisis and write-offs at the US firm. The litigation continues, so best for Micro Focus to ensure it has the right legal protections in place and skirt around the contested claims.
Source: Guardian Transport