HP has announced to separate into two new publicly traded Fortune 50 companies: one comprising HP’s enterprise technology infrastructure, software and services businesses, which will do business as Hewlett-Packard Enterprise, and one that will comprise HP’s personal systems and printing businesses, which will do business as HP Inc. and retain the current logo. 

The transaction is expected to be completed by the end of fiscal 2015. Hewlett-Packard Enterprise will have a unique portfolio and strong multi-year innovation roadmap across technology infrastructure, software and services to allow customers to take full advantage of the opportunities presented by cloud, big data, security and mobility in the New Style of IT. HP Inc. will be a proven leader in the personal systems and printing markets with new technologies on the horizon. 

The new company’s profitability and free cash flow will enable investments in growth markets such as 3-D printing and new computing experiences, a company statement said. At the same time, HP Inc. will continue to execute against a well-defined and established strategic plan, ensuring continuity for customers and consistent value to shareholders.