Hewlett-Packard Co has confirmed that it is planning to split into two parts, separating its print and computer divisions from its enterprise computing, software and services business. Both businesses contribute about half of HP’s current revenue and profit and this move is on track to book USD 112 billion revenue in this fiscal year.
As per Reuters report, HP’s current chief executive, Meg Whitman, will lead the new Hewlett-Packard Enterprise, which will include the the corporate hardware and services operations. Dion Weisler who is currently the Executive Vice President of HP’s Printing and Personal Systems organization is rumoured to be the CEO of the printing and personal computing business.
Founded by Bill Hewlett and Dave Packard in a Palo Alto, California garage in 1939 and went public on January 1978. Till date, It had acquired 88 companies and made investment in 3 companies. The company offers 7 products and having 4 subsidiaries including – HP Enterprise Services, HP Labs, Snapfish and HP Software.
Last week, eBay confirmed that it would spin off its 12 years of relationship with PayPal and both will become separately traded public companies by the middle of year 2015, with current eBay CEO John Donahoe stepping down from his position.
Recent Updates: California-based HP has announced that it has acquired cloud computing firm Eucalyptus. HP in May introduced a “Helion” portfolio of products and services and has grown share in private cloud.
It announced signing a global agreement with Accumulate in order to further expand its mobile payment and banking services.
HP recently announced an agreement to build and operate community clouds for enterprise customers in China.
Also, introduced HP Helion OpenStack Professional Services to help enterprises implement OpenStack technology–based clouds.
HP Enterprises recently launched a new cloud-based Analytics as a Service platform, with an aim to help enterprises handle the growing big data. Built on HAVEn, HP’s big data analytics platform, the service will help clients solve their business problems and create new market opportunities for HP.
Earlier this year, After introducing range of its Slate Android Tablets in US, HP has introduced two new tablets, viz. Slate6 VoiceTab and Slate7 VoiceTab in the Indian Market.
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