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The merger with HPE follows Micro Focus its long-term strategy of maximizing investments in mature technology and creating innovation opportunities for Customers to accelerate.
The volume of the planned Transaction amounts to around US$8.8 billion.
The Fusion is subject to customary closing conditions, including antitrust approvals and shareholder approval, and is expected to be completed in the third quarter of 2017.
Micro Focus and HPE are planning to establish a Transaction also enter into a partnership with which Suse to the preferred Linux-partner of HPE.
In addition, the OpenStack–Know-how from Suse for joint innovations around Helion-OpenStack- and Stackato PaaS solutions (Platform as a Service) from HPE can be used.
The Fusion brings together two established enterprise software vendors with complementary portfolios.
With revenues of approximately $4.5 billion, this creates one of the world's largest pure-play infrastructure software companies. It has a global footprint and the flexibility and financial strength to drive software innovation for both traditional and emerging IT market segments.