Hewlett Packard Enterprise

IT company HCLTech on Thursday said it will acquire certain assets of Hewlett Packard Enterprise's Communications Technology Group (CTG) for USD 225 million, about Rs 1,874 crore, in an all-cash deal. As part of this agreement, approximately 1,500 employees and 700 contractors with experience of engineering services for telecom industry in various countries -- including Spain, Italy, India, Japan, China, Americas and APAC region -- will be transferred to HCLTech, the companies said in a note. HCLTech in a regulatory filing mentioned that the deal is for "purchase of certain assets (CSS) of Communications Technology Group, a business division of Hewlett Packard Enterprise Company. CSS delivers engineering services to leading global Communications Service Providers (CSPs) leveraging its intellectual properties in a global delivery model" for which "total purchase price is USD 225 million". The deal will strengthen HCL Technologies' presence in telecom vertical by expanding its ...

The report also found organisations to be failing to understand the compute and networking demands across the end-to-end AI life cycle

In July last year, HPE revealed its make in India plans in partnership with VVDN Technologies, where it aimed to manufacture around $1 bn worth of high-volume servers in the first 5 yrs of production

Lynch's lawyer, Reid Weingarten, countered in his opening that the government's narrative paints a black-and-white picture and "that ain't the way the world works"

Founder Mike Lynch was found to have inflated Autonomy's revenue alongside his chief financial officer Sushovan Hussain

The financing will eventually be partially replaced 'with a combination of new debt, mandatory convertible preferred securities, and cash on the balance sheet'

Juniper has a market value of about $9.6 billion as last close of $30.22. The company's shares were trading at $37.25 on Tuesday, while Hewlett Packard Enterprise's stock fell nearly 8%

Apart from this, HP is planning to start the sale of its refurbished devices to expand to smaller towns with affordable products

Starting at Rs 220,000, the HP Dragonfly G4 stands as a premium business laptop. However, its integrated graphics configuration may not cater to everyone's needs

The company aims to make around $1 billion worth of products from VVDN's plant in Manesar, Haryana, in the next five years

We are no longer just an infrastructure company that sells computing, storage, and networking, said Cynthia Swarnalatha, VP - Engineering, SW CoE, Compute Business Group, and HPE India Site R&D leader

Blackstone, Abu Dhabi Investment Authority, UC Investments and GIC to invest $2.8bn to acquire majority stake

Chief Executive Officer Antonio Neri flagged concerns about cautious consumers and supply constraints during a post-earnings call

Hewlett Packard Enterprise (HPE) on Wednesday announced its plans to invest USD 500 million in India over the next five years to expand its operations, strengthen manufacturing capabilities and hire more people in the country. The company plans to increase its workforce in India by 20 per cent over the next three to five years. It will hire new engineering talent with expertise in areas of critical importance to customers such as artificial intelligence (AI) and networking, HPE said in a statement. It will also begin construction of a high-tech extension to its Mahadevapura campus in Bengaluru that will be able to house more than 10,000 employees, as well as state-of-the-art R&D facilities, it added. When complete, the 1.3-million sq ft campus will support a broad range of functions including R&D, engineering services, finance and sales. "This strategic investment (of USD 500 million) underscores HPE's long-term commitment to India and will enable the company to grow its ...

Personal computer maker HP is banking on device-as-a-service (DaaS) solution for small and medium Indian businesses to boost growth. The company, which has a 29.5 per cent share in India's personal computer market (29.5 per cent), says this would help small enterprises reduce capital expenditure for their devices. The US-based hardware technology major started device-as-a-service, which includes computers, security, service and timely replacement of devices, globally two years ago. "We have started this in India about six months back. DaaS is like you buy this thing as an operating model and we provide managed services for enterprises," Ketan Patel, Senior Director, Personal Systems, HP India, told Business Standard, in an interview. Patel added that the company aims to be part of the digital transformation journey if the small enterprises and assist them in technology adoption through an "operating expenditure" model. While HP has already onboarded two key customers, one of them .

demonstrate High Performance Computing as a service for customers

Hewlett Packard Enterprise (HPE) today announced new shared storage solutions that help small and mid-sized businesses (SMBs)