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Hewlett Packard Enterprise

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This article is about the enterprise-focused company that was spun off from Hewlett-Packard. For the predecessor company, see Hewlett-Packard. For the printer and personal computer company, see HP Inc.

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

Hewlett Packard Enterprise Company
Company typePublic
IndustryInformation technology
PredecessorHewlett-Packard
FoundedJuly 2, 1939; 85 years ago (1939-07-02) as Hewlett-Packard
November 1, 2015; 9 years ago (2015-11-01) in San Jose, California
Headquarters
Spring, Houston, Texas
,
U.S.
Area served
Worldwide
Key people
Products
ServicesConsulting
RevenueIncrease US$29.1 billion (2023)
Increase US$2.09 billion (2023)
Increase US$2.03 billion (2023)
Total assetsIncrease US$57.2 billion (2023)
Total equityIncrease US$21.2 billion (2023)
Number of employees
62,000 (2023)
Divisions
Subsidiaries
Websitehpe.com
Footnotes / references
Financials as of October 31, 2023[1]

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 telecommunications business unit, the Communication Technology Group (CTG), was acquired by HCLTech for $225 million.[5]

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

Naming

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HPE campus in San Jose, California

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

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IT service management employees hold up the new company's logo rectangle in 2015.

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 US$8.5 billion.[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.[citation needed]

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 US$7.75 per share in cash,[11] a transaction valued at approximately US$275 million, 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]

 
High-performance processor test bed built by HPE for the Oak Ridge Leadership Computing Facility in 2018

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 US$21 million 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 US$1.2 billion or US$12.50 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]

 
Antonio Neri, President and CEO as of 2018

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 US$35 per share.[26] The announcement came soon after Cray had landed a US$600 million 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 US$1.4 billion.[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, the Competition and Markets Authority. 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

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

Operating segments

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  • Intelligent Edge (10% of FY20 revenue[36]) – offers platforms designed for network security, including Aruba Networks and Silver Peak Systems
  • HPC & MCS (11% of FY20 revenue) – High Performance Compute and Mission Critical Systems. Also includes Hewlett Packard Labs
  • Compute (44% of FY20 revenue) – the core server business
  • Storage (17% of FY20 revenue) – the core storage business, including recent acquisition Zerto
  • HPE Financial Services (12% of FY20 revenue) – provides financing services for HPE customers and partners
  • A&PS (4% of FY20 revenue) – Advisory and Professional Services through 'HPE Pointnext'.
  • Corporate Investments (2% of FY20 revenue) – includes 'HPE Pathfinder' (HPE's venture capital arm) and the Communications Technology Group

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

Products

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Acquisitions

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Company acquired Date of acquisition Business Country Price
Aruba Networks March 2, 2015 Network hardware US $3B[38]
Rasa Networks May 6, 2016 Wireless network analytics US N/A[39]
Silicon Graphics International (SGI) August 11, 2016 Hardware and software US $275M[40]
SimpliVity January 17, 2017 Hyperconverged infrastructure US $650M[41]
Cloud Cruiser January 23, 2017 Cloud consumption analytics US NA[42]
Niara February 1, 2017 Network security US N/A[43]
Nimble Storage 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]
Plexxi May 15, 2018 Software-defined networking US N/A[52]
BlueData December 18, 2018 Software US N/A[53][54]
MapR August 5, 2019 Software US N/A[55]
Cray September 25, 2019 Hardware and software for supercomputers US $1.4B[56][57]
Scytale February 3, 2020 Web Security US NA[58]
Silver Peak Systems September 21, 2020 SD-WAN US $925 million[59]
Cloud Physics February 24, 2021 Infrastructure assessment US N/A[60]
Determined AI June 21, 2021 Software US N/A[61]
Zerto July 1, 2021 Software Israel $374 million[62]
Ampool July 7, 2021 Software US N/A[63]
Pachyderm January 12, 2023 Data Versioning and Pipelines US N/A[64]
Athonet February 24, 2023 Private 5G Italian N/A
Axis Security March 2, 2023 Cloud based Security Software(SSE, SASE) Israel N/A
Opsramp March 20, 2023 IT operations management US N/A
Juniper Networks TBA Network hardware, AI network operations, Cloud Management US $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

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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]

HPE's annual Total CO2e Emissions - Location-Based Scope 1 + Scope 2 (in kilotonnes)
Sep 2015 Sep 2016 Sep 2017 Sep 2018 Sep 2019 Sep 2020 Sept 2021
580[68] 642[69] 412[69] 448[69] 391[69] 343[66] 306[70]

See also

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References

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