Hewlett Packard Enterprise Explained

Hewlett Packard Enterprise Company
Logo Alt:HPE's logo is an outlined, empty green rectangle
Type:Public
Industry:Information technology
Predecessor:Hewlett-Packard
Founded: as Hewlett-Packard
in San Jose, California
Hq Location Country:U.S.
Area Served:Worldwide
Services:Consulting
Revenue Year:2023
Income Year:2023
Net Income Year:2023
Assets Year:2023
Equity Year:2023
Num Employees:62,000
Num Employees Year:2023
Footnotes:Financials [1]

The Hewlett Packard Enterprise Company (HPE) is an American multinational information technology company based in Spring, Texas.

HPE was founded on November 1, 2015, in Palo Alto, California, as part of the splitting of the Hewlett-Packard company.[2] It is a business-focused organization which works in servers, storage, networking, containerization software and consulting and support.

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. At the time of the spin-off, HPE's revenue was slightly less than that of HP Inc.[3]

In 2017, HPE spun off its Enterprise Services business and merged it with Computer Sciences Corporation to become DXC Technology. Also in 2017, it spun off its software business segment and merged it with Micro Focus.[4] Also in 2024, as part of the change in strategy, HPE's Telecom BU CTG (Communication Technology Group) is acquired by HCLTech for $225 mn.[5]

HPE was ranked No. 107 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[6]

Naming

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[7] and has even been incorrectly referred to as "HP Enterprises".[8]

History

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 .[9] 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 remained 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.[10] On November 1, 2016, HPE announced it completed the acquisition, for per share in cash,[11] a transaction valued at approximately, net of cash and debt.[12]

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.[13] The merger concluded on September 1, 2017.[14]

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."[15]

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.[16]

On April 11, 2017, it was reported that Synack had raised in a round of funding that included Hewlett Packard Enterprise.[17]

In January 2017, the company acquired data management platform SimpliVity, the developer of the OmniCube hyper-converged infrastructure appliance, for US$650M.[18]

In April 2017, Hewlett Packard Enterprise completed its acquisition of hybrid flash and all flash manufacturer, Nimble Storage Inc, for or 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."[19]

In November 2017, Meg Whitman announced that she would be stepping down as CEO, after six years at the helm of HP and HPE, stating that, on February 1, 2018, Antonio Neri[20] would officially become 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.[21]

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 console, offered under its brand HPE GreenLake.[22] GreenLake is designed to provide cloud management, cost control, and compliance control capabilities, and will run on AWS and Microsoft Azure.[23] GreenLake includes cloud data services for containers, machine learning, storage, compute, data protection and networking through a management portal called GreenLake Central.[24]

In February 2019, Meg Whitman announced she would not be seeking re-election to the board of directors, ending her professional involvement in HPE.[25]

In May 2019, Hewlett Packard Enterprise announced plans to acquire Cray Inc for per share.[26] The announcement came soon after Cray had landed a US Department of Energy contract to supply the Frontier supercomputer to Oak Ridge National Laboratory in 2021.[27] The acquisition was completed in September 2019 in a transaction valued at approximately .[28]

In December 2020, Hewlett Packard Enterprise disclosed it is relocating its corporate headquarters from San Jose, California to Spring, Texas, a northern suburb of Houston.[29] [30] As of December 2021, HPE headquarters remain at the former HP property and headquarters campus of Compaq in northwest Harris County near SH 249 and Louetta. Construction of the new Springwoods Village campus in Spring is expected to complete sometime in early 2022.[31] Concerns about major flooding at the Compaq complex were a contributing factor for HPE CEO Antonio Neri to have the new campus built.[32] The old campus had previously been flooded by Hurricane Harvey in 2017.[33]

HPE’s $14 billion acquisition of Juniper Networks was subjected to an investigation by the UK's antitrust watchdog. On June 19, 2024, the Competition and Markets Authority announced that it had initiated a merger inquiry to assess potential competition concerns arising from the deal, setting an August 14, 2024 deadline to decide whether to conduct a full investigation. At the time the deal was announced, HPE had agreed to pay $40 per share in cash for Juniper.[34]

Corporate affairs

The headquarters is in Houston, in a limited purpose annexation area.[35]

Operating segments

CEO Antonio Neri announced in 2019 that he expects all products to be sold 'as a service' by 2022 [37] via HPE Greenlake.

Products

Acquisitions

Company acquired Date of acquisition Business Country Price
March 2, 2015 Network hardware US $3B[38]
Rasa NetworksMay 6, 2016Wireless network analyticsUSN/A[39]
Silicon Graphics International (SGI) August 11, 2016Hardware and software US $275M[40]
SimpliVity January 17, 2017 Hyperconverged infrastructure US $650M[41]
Cloud CruiserJanuary 23, 2017 Cloud consumption analytics US NA[42]
Niara February 1, 2017Network security US N/A[43]
April 17, 2017 Storage US $1.2B[44] [45] [46]
Cloud Technology Partners September 5, 2017 Cloud services US N/A[47] [48] [49]
Cape Networks March 27, 2018 Network security South Africa N/A[50]
RedPixie April 10, 2018 Cloud consulting UK N/A[51]
PlexxiMay 15, 2018 US N/A[52]
BlueData December 18, 2018 Software US N/A[53] [54]
August 5, 2019 Software US N/A[55]
September 25, 2019 Hardware and software for supercomputersUS $1.4B[56] [57]
February 3, 2020 US NA[58]
September 21, 2020 US $925 million[59]
Cloud PhysicsFebruary 24, 2021Infrastructure assessment USN/A[60]
Determined AIJune 21, 2021SoftwareUSN/A[61]
ZertoJuly 1, 2021SoftwareIsrael$374 million[62]
AmpoolJuly 7, 2021SoftwareUSN/A[63]
PachydermJanuary 12, 2023Data Versioning and PipelinesUSN/A[64]
AthonetFebruary 24, 2023Private 5GItalianN/A
Axis SecurityMarch 2, 2023Cloud based Security Software(SSE, SASE)IsraelN/A
OpsrampMarch 20, 2023IT operations management USN/A
Juniper NetworksTBANetwork hardware, AI network operations, Cloud ManagementUS$14B[65]
Note: Aruba Networks was acquired by the Hewlett-Packard Company before demerger and was inducted into Hewlett Packard Enterprise while demerging.

Carbon footprint

HPE reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 30 September 2020 at 343 Kt (-48 /-12.4% y-o-y).[66] The company commits to reduce emissions by 55% by 2025 from 2016 base year, and this science-based target is aligned with the Paris Agreement to limit global warming to 1.5 °C above pre-industrial levels.[67]

See also

Notes and References

  1. Web site: 2023 Form 10-K . . December 22, 2023 . 3, 66, 68 . en .
  2. Web site: Office Locations HPE WW Office Locations. HPE. en-US. March 20, 2019.
  3. Web site: Hewlett Packard Enterprise Revenue 2013-2019 HPE . February 7, 2020 . Macrotrends.
  4. Web site: Micro Focus Completes Merger with HPE Software Business, Creating One of World's Largest Pure-play Software Companies. Micro Focus. February 28, 2022.
  5. Web site: HCLTech Forges Ahead in Engineering Services to global Communication Services Providers (CSPs) with purchase of Communications Technology Group assets from Hewlett Packard Enterprise (HPE). HCLTech. May 23, 2024.
  6. Web site: Fortune 500 Companies 2018: Who Made the List. Fortune. en-US. November 10, 2018. November 10, 2018. https://web.archive.org/web/20181110190356/http://fortune.com/fortune500/list/. dead.
  7. Web site: HP Inc., HPE launch: Questions abound for both. Dignan. Larry. November 2, 2015. ZDNet. September 28, 2017.
  8. Web site: HP to Cut Up to 30,000 Jobs. Al Jazeera America. September 15, 2015. September 28, 2017.
  9. News: HP Enterprise selling tech services business to rival. Bailey. Brandon. May 24, 2016. AP. September 28, 2017.
  10. Web site: Hewlett Packard Enterprise Wins "Gold" in Data Analytics, High-Performance Computing with Acquisition of SGI. www.hpe.com. August 11, 2016. September 28, 2017. https://web.archive.org/web/20160911160132/https://www.hpe.com/us/en/newsroom/news-archive/featured-article/2016/08/hpe-acquires-sgi-data-analytics-high-performance-computing.html. September 11, 2016. dead.
  11. Hewlett Packard Enterprise Completes Acquisition of SGI. Hewlett Packard Enterprise. November 1, 2016. September 28, 2017. https://web.archive.org/web/20161103234625/https://www.hpe.com/us/en/newsroom/news-archive/press-release/2016/11/Hewlett-Packard-Enterprise-Completes-Acquisition-of-SGI.html. November 3, 2016. dead.
  12. Hewlett Packard Enterprise to Acquire SGI to Extend Leadership in High Growth Big Data Analytics and High Performance Computing. August 11, 2016. September 28, 2017. December 15, 2018. https://web.archive.org/web/20181215223923/https://news.hpe.com/hewlett-packard-enterprise-to-acquire-sgi-to-extend-leadership-in-high-growth-big-data-analytics-and-high-performance-computing/. dead.
  13. News: Hewlett Packard Enterprise earnings: 49 cents per share vs 44 cents EPS est.. Wang. Christine. September 7, 2016. CNBC. September 28, 2017.
  14. News: Micro Focus becomes UK's biggest tech company as it completes £7bn HPE deal. Titcomb. James. September 1, 2017. The Telegraph. September 28, 2017.
  15. Web site: A year after separation, HP and HP Enterprise are still trying to shed rust. Shah. Agam. November 30, 2016. PC World. September 28, 2017.
  16. Web site: HP patents, sold off to a troll, are used to sue Cisco and Facebook. Joe. Mullin. February 8, 2017. Ars Technica. September 25, 2019.
  17. News: Hacker-for-hire company Synack raises $21m. Kuchler. Hannah. April 11, 2017. Financial Times. September 28, 2017.
  18. Web site: HPE acquires SimpliVity for $650 million in cash . techcrunch.com . January 17, 2017 . March 29, 2018.
  19. News: Special Report: HP Enterprise let Russia scrutinize cyberdefense system used by Pentagon. Schectman. Joel. October 2, 2017. Reuters. Volz. Dustin. Stubbs. Jack. amp.
  20. Web site: Antonio Neri - HPE CEO and President. Hewlett Packard Enterprise.
  21. Web site: Meg Whitman to leave role as CEO of Hewlett Packard Enterprise, shares tumble 6%. Balakrishnan. Anita. November 21, 2017. CNBC. January 3, 2018.
  22. News: HPE launches hybrid cloud-as-a-service offering. IT PRO. June 22, 2018. en.
  23. News: HPE Doubles Down on Hybrid Cloud With Service Built on OneSphere. SDxCentral. June 22, 2018. en-US.
  24. Web site: Coughlin . Tom . HPE Greenlake And Qumulo SHIFT Provide Expanded Cloud Capability . . 8 October 2021.
  25. Web site: Former HPE CEO Meg Whitman To Leave Board Of Directors. Burke. Steven. February 1, 2019. CRN. February 1, 2019.
  26. Web site: Teich. David A.. Hewlett Packard Enterprise (HPE) Acquisition Of Cray Is A Smart Move. 2020-11-06. Forbes. en.
  27. Web site: Hewlett Packard Enterprise to Acquire Cray for $1.3 Billion. Smith. Ryan. May 17, 2019. AnandTech. Purch. May 17, 2019.
  28. Web site: HPE completes acquisition of supercomputing leader Cray Inc.. Notaney. Stefanie. September 25, 2019. HPE. October 4, 2019.
  29. Web site: HPE says it is relocating HQ to Houston from San Jose. Swartz. Jon. December 1, 2020. December 1, 2020.
  30. Web site: Neri. Antonio. 1 Dec 2020. Deeper in the heart of Texas: HPE to move headquarters to the Houston metro. 28 Dec 2021. Hewlett Packard Enterprises.
  31. News: Silverman. Dwight. 18 December 2020. Nearly 20 years after Compaq-HP deal, HPE makes Houston home. Houston Chronicle. 28 Dec 2021.
  32. News: Silverman. Dwight. 11 Dec 2020. HPE CEO Antonio Neri talks about returning to Houston and a post-pandemic world of work. Houston Chronicle. 28 Dec 2021.
  33. News: Sarnoff. Nancy. 16 Jan 2018. Harvey-damaged HP and former Compaq Computer campus to be sold. Houston Chronicle. 28 Dec 2021.
  34. News: Gemmell . Katharine . HPE's $14 Billion Juniper Deal Attracts UK Antitrust Scrutiny . 19 June 2024 . https://web.archive.org/web/20240619144101/https://www.bnnbloomberg.ca/hpe-s-14-billion-juniper-deal-attracts-uk-antitrust-scrutiny-1.2087030 . 19 June 2024 . 20 June 2024.
  35. Compare the full street address to the map.
  36. Web site: HPE Q4 FY20 Earnings Announcement. December 1, 2020.
  37. Web site: HPE boldly commits to everything-as-a-service, but is it a smart bet?. June 25, 2019.
  38. Web site: HP to acquire Aruba Networks for about $3B. CNBC. 2015-03-02. 2018-09-25.
  39. Web site: Gold . Jon . 2016-05-09 . HPE/Aruba buys networking analysis company Rasa Networks . 2023-09-06 . Network World . en.
  40. News: Hewlett Packard Enterprise acquires SGI for $275 million. Novet. Jordan. August 11, 2016. VentureBeat. May 4, 2019.
  41. Web site: HPE to Acquire Data-Storage Startup SimpliVity for $650 Million in Cash. King. Rachael. Winkler. Rolfe. January 18, 2017. WSJ. en-US. May 4, 2019. amp.
  42. Web site: HPE to Acquire Cloud Cruiser to Bolster Consumption-Based IT for Customers. King. Rachael. Winkler. Rolfe. January 23, 2017. HPE. en-US. May 4, 2019. amp.
  43. Web site: HPE acquires security startup Niara to boost its ClearPass portfolio. Ribeiro. John. February 1, 2017. PCWorld. May 4, 2019.
  44. Web site: HP Enterprise to Acquire Nimble Storage for About $1 Billion. King. Rachael. March 7, 2017. WSJ. en-US. March 7, 2017.
  45. Web site: HPE buys Nimble Storage for $1 billion. Gagliordi. Natalie. March 7, 2017. ZDNet. May 4, 2019.
  46. Web site: HPE Completes Acquisition of Nimble Storage Earlier Than Planned. Preimesberger. Chris. April 17, 2017. eWeek. May 4, 2019.
  47. News: HPE Shopping Spree Continues With Purchase of This Cloud Specialist. Fortune . May 4, 2019.
  48. Web site: HPE Buys 200-Person AWS Consulting Workhorse Cloud Technology Partners. September 5, 2017. CRN. May 4, 2019.
  49. Web site: HPE to acquire consulting firm Cloud Technology Partners. ZDNet. May 4, 2019.
  50. Web site: SA's Cape Networks bought by Hewlett Packard Enterprise . March 28, 2018 . techcentral.co.za . May 4, 2019.
  51. News: HPE Acquires U.K.-Based Cloud Specialist RedPixie to Further Boost its Hybrid IT Services Expertise — A European View. Hayward. Douglas. April 4, 2018. IDC. May 4, 2019. Wünsche. Sylvia. amp.
  52. Web site: HPE buys Plexxi to expand its hybrid cloud solutions. Lunden. Ingrid. May 15, 2018. TechCrunch. May 4, 2019.
  53. Web site: HPE to Buy Big Data Infrastructure Startup BlueData. November 27, 2018. Data Center Knowledge. en. October 26, 2019.
  54. Web site: Hewlett Packard Enterprise Completes BlueData Acquisition. Teich. David A.. Forbes. en. October 26, 2019.
  55. Web site: HPE Acquires MapR. August 5, 2019. Datanami. en. March 29, 2023.
  56. Web site: Hewlett Packard Enterprise completed purchase of supercomputer pioneer Cray for $1.4B. September 27, 2019. Veronica. Combs. TechRepublic. en. October 26, 2019.
  57. Web site: HPE completes acquisition of Cray for $100M more than initially expected. Merten. Paxtyn. September 25, 2019. Biz Journals. subscription. October 26, 2019.
  58. Web site: HPE acquires Scytale to advance open, secure, edge to cloud strategy. February 3, 2020. Stefanie . Notaney. hpe.com. en. Sep 21, 2020.
  59. Web site: HPE completes acquisition of SD-WAN leader Silver Peak. September 21, 2020. Stefanie . Notaney. hpe.com. en. Sep 21, 2020.
  60. Web site: Burke. Steven. 2021-02-23. HPE Acquires Cloud Assessment 'Crown Jewel' CloudPhysics. 2021-02-24. CRN.
  61. News: June 21, 2021. Hewlett Packard Enterprise acquires Determined AI to accelerate artificial intelligence innovation with fast and simple machine learning modeling. Hewlett Packard Enterprise press release. June 21, 2021.
  62. Web site: Haranas. Mark. 2021-07-01. HPE To Acquire Zerto For $374M To Boost GreenLake, Storage. 2021-07-01. CRN.
  63. Web site: Gagliordi. Natalie. HPE acquires Ampool to bolster its Ezmeral software business. 2021-07-07. ZDNet. en.
  64. Web site: Hewlett Packard Enterprise acquires Pachyderm to expand AI-at-scale capabilities with reproducible AI .
  65. Web site: Hewlett Packard Enterprise to buy Juniper Networks in $14 bln deal . January 15, 2023. Reuters.
  66. Web site: 2020 Living Progress Data Summary i . Hewlett Packard Enterprise. Alt URL
  67. Web site: Science Based Targets .
  68. Web site: Hewlett Packard Enterprise's Sustainability Report for 2017Q3 . https://web.archive.org/web/20211113112959/https://assets.ext.hpe.com/is/content/hpedam/documents/a00048000-8999/a00048488/a00048488enw.pdf . November 13, 2021 . Alt URL
  69. Web site: Hewlett Packard Enterprise's Sustainability Report for 2020Q3 . https://web.archive.org/web/20211113113000/https://assets.ext.hpe.com/is/content/hpedam/documents/a00113000-3999/a00113527/a00113527enw.pdf . November 13, 2021 . Alt URL
  70. Web site: Hewlett Packard Enterprise Corporate Publication . September 2021 . Hewlett Packard Enterprise Living Progress Report for fiscal year 2021 . December 17, 2022 . HPE Living Progress Report for fiscal year 2021.

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