Hewlett Packard Enterprise (HPE) is in talks to sell off its software business in a deal that could reach as high as $10bn.
Reuters has reported on the discussions, claiming that private equity investment company Thomas Bravo is the most likely buyer for the division, which includes technology from several HP acquisitions, including Autonomy and Vertica.
V3 contacted HPE for comment on the story but the firm declined to comment.
Selling the software division would allow HPE to focus on other core technology markets, chiefly around storage, networking, security and data centre services.
Retuers added that other equity firms, including Vista Equity Partners Management LLC, Carlyle Group LP and TPG Capital LP, have also been involved in talks about buying the unit, but Thomas Bravo remains the frontrunner.
Shares in HPE rose on the news, as investors no doubt see the wisdom in the firm reducing in size and narrowing its focus areas, particularly as its time with Autonomy has caused nothing but problems since it had to write-off the acquisition over allegations that the accounts for the firm were inaccurate.
If the deal comes to pass it would mark a major moment for HPE since its split from HP Inc in November 2015, underlining the difficulties facing the firm as it continues to shed assets and try to find its place in the ever-evolving enterprise IT market.
The stance is at odds with long-time rival Dell, which is going in the other direction with its giant $67bn deal for EMC that will see the firm move into almost all areas of business IT. The deal should be concluded before the end of the year.
Flagship device also supports firm's modular MotoMod add-ons
Comes just week after firm announced plans to bin the service
Details of a trio of Intel Coffee Lake CPUs leaked
Ding-dong Adobe Flash is dead