Hewlett-Packard (HP) has announced that they are planning to buy Eucalyptus Software, a firm which provides software for building private and hybrid clouds.

Hewlett-Packard has announced that the company has plans of acquiring Eucalyptus Software, an enterprise cloud software which services private and hybrid clouds. Martin Mickos, the CEO of Eucalyptus Software, described his company stating that “they are absolutely the experts on compatibility between clouds — private clouds, public clouds and hybrid clouds. We have developed open source software that is used to move computing workloads between each kind of cloud.”

Though no official announcement was made in regards to the exact amount for this acquisition, there are reports stating that HP will pay US$100 million for this investment. The acquisition is expected to be finalized by the fourth quarter of HP’s fiscal year.

As part of the acquisition deal, Marten Mickos will be joining HP as a Senior Vice President of its cloud business and one of his priorities will be building HP’s “Helion” cloud computing services. Mickos is considered as one of the proponents for open source software and is a well-respected leader in the industry. HP revealed in their statement that Mickos will be reporting to Meg Whitman, CEO of HP. Despite these changes, Martin Fink will remain as the Chief Technology Officer and the director of HP labs – a department which specializes on researching next-generation products.

See Also: Facebook testing self-destructing posts on iOS app after poke app’s failure.

HP was once considered as the world’s largest PC maker, but recent developments in the industry made it harder for the company to retain this position. Nowadays, HP is now looking for other avenues to explore. In order to boost the company’s stand in the industry, HP has now turned to becoming a leading provider of hardware and software to both government and private clients.

See Also: Michael Bastian HP smartwatch in the works, set to compete with Moto 360.

This acquisition is part of the company’s plan to boost its cloud service portfolio. Back in May, Meg Whitman has committed to spending at least US$1 Billion dollars in order to strengthen the company’s Helion brand of providing cloud computing services.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.