Chris HPE

Berkshire-based Micro Focus has completed its $8.8bn merger with Hewlett Packard Enterprise’s (HPE) software business.

The combined company is now the largest UK technology firm listed on London Stock Exchange, with revenue of $4.4bn.

Micro Focus creates enterprise-scale solutions across DevOps, hybrid IT, security and risk management and predictive analytics.

Chris Hsu, formerly COO of HPE and executive vice president and general manager of HPE Software, has been appointed CEO of Micro Focus.

“Today marks a significant milestone for Micro Focus, and I am honored to be leading this team,” said Hsu.

“We are bringing together a powerful combination of technology and talent uniquely positioned to drive customer-centred innovation at enterprise scale – enabling organisations to maximise the ROI of existing software investments while embracing the new hybrid model for enterprise IT,” Hsu added.

The two companies announced the intention to merge back in September, but it is only now that the deal has been finalised.

Micro Focus has made a number of acquisitions over the years, including its purchase of Serena Software in March 2016 for $540m.

“Our business strategy remains sound: bringing together software assets that deliver a high degree of value to our investors and an expansive solution portfolio to our customers so they can maximise the value of existing IT investments and adopt new technologies – essentially bridging the old and new,” said Kevin Loosemore, executive chairman of Micro Focus.

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