Hewlett Packard Enterprise (HPE) is an American technology company which was formed on November 1, 2015, following the break-up of the IT giant, Hewlett-Packard Company. Along with HPE, the other company that emerged from the split was HP Inc. The history of the Hewlett Packard name stretches back to 1935, when the original organization was founded in the garage of William Hewlett and David Packard. Initially producing a range of electronic test equipment, HP Co rose to become one of the leading global manufacturers of personal computers, as well as one of the largest suppliers of servers, storage and networking equipment, and a global supplier of consumer and enterprise IT services.
Despite being decoupled from the PC market, there appears to be little doubt that HPE will remain a multi-billion dollar company, with net earnings for HPE's segments calculated at 2.5 billion U.S. dollars in 2015. At last count, HPE employed around 240,000 employees globally, although the sales of its enterprise services division (responsible for providing which technology consulting, outsourcing, and support services) and its software unit in 2016 are expected to have a significant impact on this figure. Hewlett Packard Enterprise's major segments include their enterprise group, which provides technology infrastructure such as servers, storage, networking equipment, and technology services; and financial services, which facilitate flexible IT consumption models and investment. The software unit, sold in September 2016, specialized in big data, application delivery management, security, and operations management.
HPE's size and spread means they hold sizeable positions in a number of global markets. In the global purpose-built backup appliance market, Hewlett Packard has held a market share of around five percent for the last few years. As of 2016, Hewlett Packard has supplied the largest share of supercomputers in among the top 500 supercomputers worldwide. Alongside IBM, SAP, and Oracle, HPE also currently represents one of the biggest companies competing in the global big data market. In terms of name recognition, both HP Inc and HPE will benefit from Hewlett Packard's strong brand position. The Hewlett Packard brand ranks as one of the most valuable brands worldwide.
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