HP's M&A guru quits ahead of corporate split
Senior veep Tom Joyce lured to privately owned Dell's software group
The exec who oversaw some of HP’s chunky acquisitions and investments has left the building months ahead of the corporate split, with Dell’s software group reportedly his next bill payer.
Tom Joyce was senior veep of global corporate development since August — transactions include the $3bn buy of Aruba Networks, plus deals with Contextream, and Voltage Security.
Divestitures include the sale of photo sharing site Snapfish in April, and more recently offloading HP’s majority stake in the China h3C 3Com joint venture, Joyce claims on LinkedIn.
Prior to his current post, he was senior veep and GM for converged systems and before that was VP of strategy, marketing and operations.
Joyce joined HP in 2009 from Akori — the cross-domain performance management software biz — where he served as CEO. Further back in time he held senior positions at EMC.
HP is preparing to split the PC and print business from the rest of the operation from the start of November, the beginning of the firm’s fiscal 2016. It is expected to continue acquiring once the deal completes, management have said as much.
Some analysts reckon HP and EMC could do worse than jump into bed together, however unlikely this may seem to some at this stage.
Joyce is set to land at privately owned Dell, according to US publication CRN, as the Texan tech maker continues to swell its ranks with big hitters.
In recent times, Dell has tempted Paul Perez to quit Cisco where he was veep and GM of computing systems and become CTO of the enterprise group. More recently, former Lenovo and AMD CEO Rory Read became Dell COO and head of commercial sales.
Clearly, Dell has got some targets in its sights, following a period of relative quiet for its M&A team since the company delisted from NASDAQ.
HP confirmed Joyce’s departure, but Dell is trying to ascertain if it has a relevant statement.
Updated Dell refused to comment. ®