It’s hard to believe that in less than three months we expect to close the planned spin-off and merger of HPE’s software business unit with Micro Focus. As you can imagine, we’ve been extremely busy with teams from both organizations putting a lot of thought into the new company’s mission, organizational structure, customer engagement model and combined portfolios.
With our sights set on September 1st for the planned launch of the new combined company, we are preparing to join forces with Micro Focus to become the 7th largest pure-play software company in the world, with combined estimated annual revenues of $4.5 billion and 18,000 employees that will serve 40,000 customers. This will set the stage for us to shape the software industry delivering enterprise-scale solutions across the hybrid IT landscape, while focusing on value-creating M&A to further expand the portfolio.
I’m honored to have been named CEO of the new combined company following completion of the transaction, and I am excited to have appointed my leadership team for the new combined company, which will take effect on our expected “day one”, September 1st. The new team will bring together a strong, balanced mix of leaders from both HPE Software and Micro Focus, and marks a major milestone on our road to close.
At HPE Software, our mission is to provide our customers with a best-in-class portfolio of enterprise-grade scalable software with analytics built in. We put customers at the center of our innovation and build products that our teams can be proud of. This mission is absolutely critical to helping our customers Discover the New – across our company, innovations and portfolio while leveraging the IT environments they have today.
As we approach this new chapter, I look forward to keeping you informed on our progress. To help with this, we are excited to launch our new externally-facing microsite today as well, fully dedicated to HPE Software news, innovations, and updates on the spin-merge. Please check it out and Discover the New!