California-based HP has announced that it has acquired cloud computing firm Eucalyptus. The company expects the acquisition to close in the fourth quarter of its fiscal year 2014. Terms of the deal have not been disclosed yet.
Post this acquisition, Eucalyptus Chief Executive Officer (CEO) Marten Mickos, will join HP as senior vice president and general manager of the Cloud business.
“The addition of Marten to HP’s world-class Cloud leadership team will strengthen and accelerate the strategy we’ve had in place for more than three years, which is to help businesses build, consume and manage open source hybrid clouds,” said Meg Whitman, chairman, president and chief executive officer of HP.
“Eucalyptus and HP share a common vision for the future of cloud in the enterprise,” said Mickos.
HP in May introduced a “Helion” portfolio of products and services and has grown share in private cloud.
Recent Updates: HP announced signing a global agreement with Accumulate in order to further expand its mobile payment and banking services.
HP recently announced an agreement to build and operate community clouds for enterprise customers in China.
Also, introduced HP Helion OpenStack Professional Services to help enterprises implement OpenStack technology–based clouds.
HP Enterprises recently launched a new cloud-based Analytics as a Service platform, with an aim to help enterprises handle the growing big data. Built on HAVEn, HP’s big data analytics platform, the service will help clients solve their business problems and create new market opportunities for HP.
Earlier this year, After introducing range of its Slate Android Tablets in US, HP has introduced two new tablets, viz. Slate6 VoiceTab and Slate7 VoiceTab in the Indian Market.
Last year, Google announced Chromebook 11 for USD 279 in partnership with HP, performs all the basic functions of a fully loaded laptop, with an easy portability of a tablet.Category Business Investments