Slimming down HP Enterprise and unwinding 'IT supermarket'

San Francisco

MEG Whitman is taking further steps to unwind the collection of computer assets she inherited when she took the helm of Hewlett-Packard Co in 2011, keeping up her efforts to slim down the Silicon Valley giant into a more nimble company.

Hewlett Packard Enterprise Co will spin off and merge its enterprise services division with Computer Sciences Corp (CSC) in a deal valued at US$8.5 billion for HP Enterprise shareholders. The plan is the latest in Ms Whitman's drive to focus the company (which sells corporate computers and software) on the most promising and faster-growing businesses while hiving off billions in acquisitions and assets, including some built up by her predecessors.