HP Enterprise Reportedly Seeks Buyer For Software Unit

(RTTNews) - Hewlett Packard Enterprise Co. (HPE) is seeking a buyer for its software unit in a deal that could be valued at as much as $10 billion, according to reports citing familiar with the matter.

Such a transaction would likely end the company's association with the former operations of Autonomy Corp., a British software maker acquired in 2011 for $11 billion in a deal widely regarded as a mistake.

The reports noted that HP Enterprise is seeking a price in the range of $8 billion and $10 billion for the software unit. The deal talks at those values with buyout firms that include Thoma Bravo LLC.

The unit being offered for sale makes software to manage business operations. The company plans to keep software businesses associated with pieces of customers' key technology infrastructure—such as software-defined networking, the reports said.