PE firm Thoma Bravo in talks with HPE to buy it. Bad news for HPE Software division folks. Google the news for details.
12 replies (most recent on top)
There's never a second to be bored with this freaking Company...
https://www.microfocus.com/about/press-room/article/2016/micro-focus-announces-intent-to-merge-with-hewlett-packard-enterprise-software-business-segment
Guess employees don't have to worry about Thoma Bravo anymore. Looks like Software division is getting spin-merged to Micro Focus.
With Dell announcing its EMC merger as Dell Technologies, it seems they're looking to compete in the space HPE currently occupies, right? I mean look at their site:
https://imgur.com/a/h1kVa
https://www.delltechnologies.com/en-us/index.htm
This is pretty much the same as HPE: https://www.hpe.com/us/en/home.html
HPE can't and won't compete with Dell Technologies it seems.
Goliath's Prophecy indeed.
I don't know anything about Thoma Bravo except that they are a PE firm. PE firms are typically not interesting in the long term prospects of a property. They are like house flippers. They purchase a distressed property, they "fix-it-up" by maximizing company held debt and slashing costs, then they sell.
This is their current portfolio: " https://thomabravo.com/portfolio/all/current/ ". I don't think they integrate per se. I think they just milk the Companies as much as they can as independent business units, or resell with a premium to any interested party. If they keep us as a BU, you can bet the focus will be to reduce costs (of course, being overhead the primary target), and to limit R&D spending to only the projects with quick returns. For sure, their focus and interest on us is no long term...
Does anyone know anyone working at a software firm owned by Thoma Bravo? If so, what do they have to say about TB's management style and leadership? I wonder how much worse it could be than it is now in software sales at HPE. For those of us in software who make the transition (and that's doubtful about many of us) it appears as if we are moving from the frying pan to the fire as everything I read about TB is that they have sharp scissors and cut cut cut.
Why is this bad news for software division?
This site is entertaining and full of pessimistic d---beats.
I love the information this site provides though.
She is hoping it sells for $10 billion.
"Admittedly bad Title"???? Heck no. It is a deliberately misleading Title for this post. It is a complete disservice to the people who visit this site. I wish the posters here maintain basic honesty.
Admittedly bad title. But in the details I mentioned that this is for the software division. Stay frosty, friend.
Nope - wrong - From Reuters : Hewlett Packard Enterprise Co (HPE) is in talks with buyout firm Thoma Bravo LLC to sell its SOFTWARE DIVISION. How about some simple research?
http://www.reuters.com/article/us-hpe-software-thomabravo-idUSKCN1175RV
The software division represented 18% of HPE's revenue per the last quarter results.
http://investors.hpe.com/~/media/Files/H/HP-Enterprise-IR/documents/q2-2016-quarterly-results.pdf
http://www.nasdaq.com/article/hewlett-packard-enterprise-in-talks-to-sell-software-unit-to-thoma-bravo-reuters-20160901-00917