Good going from a local firm which has been in this area for a long time.

 

8th September 2016

 

UK tech firm Micro Focus will buy Hewlett-Packard's software business in a deal worth $8.8bn (£6.6bn).

 

Hewlett Packard Enterprise (HPE) includes the assets of Autonomy, the UK software group that HP bought in an ill-fated deal in 2011.

 

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

 

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 Newbury, England, from being a relatively small player to being worth over £5bn, with revenues doubling in 2015.

 

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