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HP plans to buy Eucalyptus Software a cloud startup

HP

HP plan to expand its reach in the cloud segment. The company is all set to purchase a cloud software startup named Eucalyptus Software. However the amount to be paid by HP has not been revealed. This cloud startup will provide the company with open source software for building private and hybrid clouds and also internet computing systems.

As reported by Reuters, a source close to the HP stated that, the company will be paying less than $100 million for the deal. The business deal is expected to close in the fourth quarter of the fiscal year. After the completion of the acquisition Martin Mickos CEO of Eucalyptus will join the HP as the senior vice president and head of its cloud business. He will be reporting to CEO Meg Whitman and will be responsible for building HP’s “Helion” cloud computing services.

Martin Fink will remain as the CTO as well as director of HP Labs and he will be spearheading the research for next-generation products.

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Heena Gupta

A reader at heart, this girl loves to express through writing. Her ears perk up as soon as she senses any tech molecule in the air. With the ability to use and navigate typical technologies she becomes a complete tech enthusiast. This post graduate in Mass Communication lives in the world of gadgets. Fiction, history and cartoons keep her busy in the free time. Her urge to grow mixed with excellent writing skills forces us to have her as a part of our workforce.

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