– what 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.
Specializes in "sticky" mature corporate infrastructure
software with recurring license and maintenance revenue.
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Most recent announcement:
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)
Software Integration Planning Update (page 28) No
mention of HPE-related headcount.
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.
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
Find out what the company is telling Wall Street about
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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
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)
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."
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