

HP executives on Oct. 6 announced that the company will split in two by the end of its fiscal 2015. HP Inc., will house the PC and printer businesses, and Hewlett-Packard Enterprise, will focus on servers, storage, networking, converged systems, services as well as the Open Stack Helion cloud platform.

CEO Meg Whitman said that splitting HP into two separate, publicly held companies will create two new entities that will be more nimble and in a better position to make the necessary acquisitions to address customers’ demands.

In announcing the split, HP said both companies will be “well capitalized and “investment-grade credit ratings. Both will be Fortune 50 companies. The businesses incorporated in the two newly formed companies accounted for almost equal portions of HP’s revenue for fiscal 2013, which ended Oct. 31, 2013.

HP’s fiscal 2013 net revenue of $112.3 billion was down 7% from the prior year. Fiscal 2014 third-quarter net revenue of $27.6 billion was up just 1% from the prior-year period.

In the first quarter of 2014, HP held on to its title of worldwide server market leader with $2.9 billion in revenue despite lower shipments, according to Gartner. HP remained virtually tied with Lenovo for the top global position in the PC market throughout 2013, according to the market research firm.

Fiscal 2013 was a rebuilding year for HP, with a focus on reinvigorating technology innovation. The company spent $3.1 billion on R&D.

Layoffs have been part of HP’s transition plan in recent years. Along with the announcement that it will split into two companies, HP—which has over the past year announced as many as 50,000 layoffs—said it will cut another 5,000 positions.

HP operates more than 80 data centers in 27 countries. The company works with approximately 145,000 distributors, resellers and alliance partners worldwide.

Following a major overhaul of the HP PartnerOne channel program in 2013, which included investments of $1.5 billion, HP opened the program to new types of partners in 2014. These include service providers, systems integrators, independent software vendors, OEMs and distributors in combination with traditional resellers.

As part of its big data push, HP launches the HP Vertica Marketplace, an online resource for developers, HP Vertica users and technology partners to create and sell big data analytics solutions built for the HP Vertica Analytics Platform.

In 2014, HP added new programs for providers of cloud computing solutions. HP PartnerOne for Cloud focuses on hybrid cloud solutions across private, public and managed deployments. HP also added HP PartnerOne Cloud Reseller Specialization for partners that resell HP Public Cloud in the U.S., as well as HP Managed CloudSystem Matrix systems and cloud services from HP PartnerOne service providers.

About a year ago, HP enhanced its Just Right IT program—delivering the right IT solutions at the right time—to help channel partners accelerate time to revenue by simplifying the design and delivery of HP networking, server, and storage products for SMBs.

In another move to make it easier for SMBs to select and buy IT products, HP and Google teamed up last year to offer the HP SMB IT in a Box, touted as a one-stop shop technology solution for SMB customers. It marked HP’s entry into the Google Apps Reseller program.

Most recently, HP announced new SMB offerings—HP SMB Solutions (based on the previous Google collaboration) and HP Financial Services (HPFS) Partner Connection. These bundled offerings combine hardware, software and services from AT&T, Google and HP. The company also expanded its portfolio of HP SMB Flex-Bundles for Microsoft workloads.

In July 2014, HP made a $50 million equity investment in a new partnership with Hortonworks to address big data requirements of enterprise customers. The alliance will accelerate the adoption of Enterprise Apache Hadoop with the Hortonworks Data Platform and HP HAVEn big data platform.

HP announced in May 2014 that it would spend $1 billion over the next two years for research and development around the cloud, the Helion cloud platform and OpenStack. Most recently, HP rolled out a scaled down version of the Helion cloud platform called Helion Managed Virtual Private Cloud (VPC) Lean for midsized businesses and enterprises.

In Sept. 2014, HP stepped up its cloud investment with the acquisition of Eucalyptus, a provider of open-source software for building private and hybrid enterprise clouds.

WHENHP Enterprise Services unveiled a private cloud solution for the public sector. The single-tenant, managed private cloud offering targets governments and public sector agencies to help them transition to the cloud.

WHENHP and Foxconn formed a joint venture to develop a new line of cloud-optimized servers targeting service providers. IDC reports service providers will continue to make performance gains and cost reductions as they expand their cloud architecture implementation.

HP has been ramping up and rolling out the company’s energy-efficient MoonShot server lines, announced in 2011. The most recent ARM-based servers are expected to boost competition with Intel.

HP announced in June 2014 that it had settled the shareholder lawsuit over the messy Autonomy acquisition. However, the settlement is not final. A U.S. judge is still hearing challenges over the settlement deal. In November 2012, HP revealed that Autonomy “engaged in accounting improprieties, misrepresentations and disclosure failures” before HP acquired the company.

In January 2014, HP announced the sale of Palm, IPAQ and Bitfone patent portfolio to Qualcomm. The portfolio covers technologies that include fundamental mobile operating system techniques, HP officials said at the time.

A 2014 IDC study on enterprise cloud computing providers ranked HP as the No. 3 provider, after IBM and Cisco. The study evaluated vendors on quality of service for availability, speed of provisioning, simplicity and overall cost.

According to a Wikibon report, HP ranked No. 2 in big data revenue in 2013, after No. 1 ranked IBM. HP is working on a new open-source server technology, called “The Machine,” which the company expects will deliver big breakthroughs in handling large amounts of data. But it won’t be available until the end of the decade.

In November 2013, HP and Salesforce announced a cloud partnership in the form of a “Salesforce Superpod.” This dedicated instance in the Salesforce multi-tenant cloud runs on HP’s Converged Infrastructure and is aimed at large enterprises.