SAN FRANCISCO (AP) — Hewlett Packard Enterprise is slimming down its business further by selling off its technology-services division to competitor Computer Sciences Corp.
The deal is worth about $8.5 billion to shareholders in HP Enterprise, one of two companies formed last year by the break-up of struggling tech giant Hewlett-Packard Inc.
HP Enterprise will now concentrate on selling data center hardware and software to big organizations. It's selling a consulting and outsourcing business that includes many operations the old HP acquired when it bought Electronic Data Systems for nearly $14 billion in 2008.
CEO Meg Whitman said the services division helped bring customers to other segments of HP Enterprise, but it has lagged the company's other businesses in growth and profit.
