How HPE plans to spin out its software assets

After playing a key role in the 2015 bifurcation of Hewlett Packard into the consumer-focused HP Inc. and the enterprise-centric Hewlett Packard Enterprise (HPE), Chris Hsu is busy working on another big split. Hsu, currently HPE’s COO and GM of HPE Software, is preparing to spin out much of HPE’s software portfolio to Micro Focus in a deal announced last September. When the spin is completed, Hsu will also take over as CEO of Micro Focus, which will be a nearly $5 billion software company with a wide portfolio of assets in big data, security, IT operations and more.

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(Insider Story) Source: http://www.cio.com