UK technology firms prepare a $8.8bn deal with HP Tech – Checklist Mag


Pay $0.002 per click to your site! Join now: Click Banner

UK technology firms prepare a $8.8bn deal with HP Tech

Find the news below:

UK tech firm Micro Focus is buying the software business of a division of Hewlett-Packard for $8.8bn (£6.6bn).

The deal makes Micro Focus one of the UK’s biggest tech companies, with total annual revenues of $4.5bn (£3.4bn).

It is acquiring assets from Hewlett Packard Enterprise (HPE), including former UK tech champion Autonomy which HP bought in an ill-fated deal in 2011.

Micro Focus was promoted to the FTSE 100 last week, replacing ARM after it was bought by Japan’s Softbank.

A string of acquisitions has turned Micro Focus, based in Berkshire, England, from being a relatively small player to being worth over £5bn, with revenues doubling in 2015.

Shares in Micro Focus closed 14.5% higher at £22.38 after jumping as much as 21%, making it the biggest riser on the FTSE 100.

Source: BBC


Be The First To Get TECH Updates. Enter your email address:

Delivered by FeedBurner


Can’t find what you’re looking for? GOOGLE IT!


Leave a Reply