Alex Webb, Columnist

British Tech Giant's $8.8 Billion Case of Indigestion

Micro Focus’s acquisition of part of Hewlett Packard Enterprise hasn’t worked out. It’s hard to see what the purchaser can do about it now.

August 29, 2019 at 11:59 AM UTC

By Alex Webb

Alex Webb is a correspondent for Bloomberg Quicktake. He previously covered the technology, telecoms and media industries in London, San Francisco and Munich.

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Photographer: Michael Nagle/Bloomberg

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Britain’s once biggest software company had eyes bigger than its tummy.

Micro Focus International Plc acquired part of Hewlett Packard Enterprise Co.’s software assets in an $8.8 billion deal in 2017, trebling its headcount in the process. On Thursday, the British company cut its revenue forecast for the second time in as many years.