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Micro Focus Issues  (Updated July 14, 2017.)

ASAP Checklistwhat to do before losing access to HPI or HPE internal systems... and in the following few weeks.

For those being spun off to Micro Focus, members report that the next 401(k) match payout will be on the date of their transition.

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Specializes in "sticky" mature corporate infrastructure software with recurring license and maintenance revenue.

 

To subscribe to information from Micro Focus:

http://investors.microfocus.com/en/site-services/email-alert.aspx

 

Most recent announcement:

Former Autonomy products less than 10% of HPE Software revenues, mainly SaaS (page 8)

 

Organization chart -- color-coded as to whether from HPE or Micro Focus (page 10)

 

HPE Software Integration Planning Update (page 28)  No mention of HPE-related headcount.

 

http://investors.microfocus.com/~/media/Files/M/Micro-Focus/key-financial-data/results-presentations/presentation/analyst-presentation-12-july-2017.pdf? 

 

 

In September 2016 the Company announced it had agreed with Hewlett Packard Enterprises [sic] ("HPE") to merge with the software business assets of HPE ("HPE Software") by way of merger with a wholly owned subsidiary of HPE. The transaction is expected to complete at the beginning of September this year with the listing of consideration shares on the London Stock Exchange ("LSE") and the simultaneous listing of the American Depositary Shares ("ADS") on the New York Stock Exchange ("NYSE")...

Mergers and acquisitions continue to be a key component of our strategy. Whilst the key strategic announcement in the period was the HPE Software transaction we also completed the acquisitions of Serena, GWAVA Inc., OpenATTIC, and the OpenStack IaaS and Cloud Foundry PaaS talent and technology assets. Over the last six years we have completed and successfully integrated 10 acquisitions and on completion of the HPE Software transaction will have increased the revenue of the business approximately 10 fold since 2011.

 

...Silke Scheiber [retired from private equity firm KKR] and Darren Roos [currently at SAP] joined the board as two of the three independent Non-Executive Directors nominated by HPE pursuant to the Merger Agreement. Upon Completion, John Schultz, the Executive Vice President and General Counsel of HPE, will join the board as the Non-Executive Director nominated by HPE... Chris Hsu [currently at HPE], who will become CEO of Micro Focus upon Completion, will join the board at that time. An additional independent Non-Executive Director nominated by HPE and to be approved by the Micro Focus Nomination Committee, is expected to be appointed after Completion.

--results for the year ended 30 April 2017 (Published 12 July 2017)
http://otp.investis.com/clients/uk/microfocus/rns/regulatory-story.aspx?cid=108&newsid=890839
 

Find out what the company is telling Wall Street about employment prospects and strategic issues that will affect your career. You can read the most recent announcements at http://investors.microfocus.com  and http://investors.microfocus.com/key-financial-data/results-presentations

Key comments...

The company's strategy over the past nine years has been to acquire software product lines -- such as Novell, Attachmate, Borland, and Compuware -- which have "lost value chasing revenue growth."

Diagram of Micro Focus product history, including the product lines being acquired from HPE -- Autonomy, Mercury, Opsware, ArcSight, Vertica, Peregrine, Tower, etc -- with the original HP acquisition price for each. (page 17)

"Micro Focus believes it is possible to improve the margin delivered by HPE Software's mature software assets to Micro Focus’ level by Apr-2021."

The company expects to increase revenue for the HPE products from $185K/employee to $273K/employee, counting "all full time employees, contractors, a headcount transfer from the HPE Global Marketing Team and estimates for staff transferring from central corporate functions." (page 27)

http://investors.microfocus.com/~/media/Files/M/Micro-Focus/key-financial-data/results-presentations/presentation/2017-04-04-micro-focus-hpes-lp-publication.pdf?  April 4, 2017

 

"We identified areas of the business that were not aligned with our go-forward strategy... Application Delivery Management, Big Data, Enterprise Security, Information Management & Governance and IT Operations Management businesses... Micro Focus’s approach to managing both growing and mature software assets will ensure higher levels of investment in growth areas like big data analytics and security, while maintaining a stable platform for mission-critical software products that customers rely on... For employees, Micro Focus’s approach will mean each product line will have a clear and important role in the overall company performance, and employees will have a high level of clarity on the strategy for their organization. It also means employees will get to work on long-term, customer-focused projects -- and the software technology that they love." Meg Whitman

Corporate headquarters

Micro Focus: https://www.microfocus.com/about/contact/

 

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