Under the transaction, HPE’s software business, Seattle SpinCo, merged with United Kingdom-based Micro Focus making the software company the U.K.’s largest tech firm. Micro Focus is now the seventh largest pure-play enterprise software company in the world, according to a company statement.
It’s important to note HPE didn’t sell all of its software assets to Micro Focus. HPE still owns its Oneview hybrid IT management platform, its Infosight predictive analytics software, and its Aruba networking portfolio, among others.
In the deal with Micro Focus, HPE “achieved a major milestone in becoming a stronger, more focused company,” HPE CEO Meg Whitman said in a statement.
Software-defined infrastructure remains core to HPE’s strategy, according to the company. This includes three parts: making hybrid IT simple through software-defined offerings; powering the “intelligent edge;” and flexible consumption models.