Hewlett Packard Enterprise is seeking a buyer for its business software unit, according to news reports.
HP Enterprise is one of two companies created by the breakup last fall of Hewlett-Packard. It is seeking a price in the range of $8 billion and $10 billion for the software unit, a person familiar with the matter told the Wall Street Journal. Reuters earlier reported deal talks with buyout firms including Thoma Bravo LLC.
The unit being offered for sale makes software to manage business operations, according to the reports. HP Enterprise plans to keep software businesses associated with pieces of customers’ key technology infrastructure—such as software-defined networking.
Since the breakup last fall, CEO Meg Whitman has made further moves to shrink the company, including an $8.5 billion deal in May with Computer Sciences Corp.to spin off the company’s 100,000-employee computer services business.
The attempt to sell the software unit is the latest in a series of moves by a leading technology vendor to narrow its focus.
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