Both companies will have roughly similar revenues of something in excess of US$50 million and the split has come at the cost of about 55,000 HP workers who have been laid off.
Existing HP shareholders will get one HPE share for each HPQ share they hold.
HPE, which debuts as an enterprise technology colossus with US$53 billion in annual revenue, will be led by the original HP’s chief executive, president and CEO Meg Whitman, who will ring the opening bell at the New York Stock Exchange, where the company will begin to trade under its new stock ticker.
HP Inc will be led by Australian Dion Weisler.
“Building on our rich heritage of innovation and unrivalled technology portfolio, we’re excited to reinvigorate our relationship with customers, partners and employees. We’re also renewing our commitment to be the partner of choice for customers in Australia to help propel their business further, faster.”
Wilson told iTWire that HPE was in the process of finalising staff numbers so he could say how many staff would be working for the Australian and New Zealand organisation.
"We're in 12 locations (in Australia and New Zealand) and I'm just in the process of launching three offices in New Zealand," he said. "We're just closing off our books so I can't get into numbers."
According to Wilson, the split up of the old HP will enable HPE to be more agile, while maintaining the necessary scale of a large company.
"Both companies will still be in the Top 50," he said.
The new HPE is focused on four key areas the company deems fundamental to enabling business transformation and future growth, and represent an estimated (based on third party data) total addressable market of more than US$1 trillion:
· Transforming to a hybrid infrastructure by helping customers seamlessly manage information across traditional IT and private, managed and public cloud environments;
· Empowering a data-driven organisation engineered to turn information into insight and insight into action;
· Protecting their digital enterprise to manage risk, monitor operations, protect information and applications and sustain operational integrity;
· Enabling workplace productivity to create best-in-class experiences for employees, customers and partners through mobility and networking solutions.
Headquarters for the HPE Australian subsidiary is situated at the current HP office in Rhodes, NSW.