HP buys cloud software firm Eucalyptus

12 Sep 20148 Shares

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Computer maker HP has struck an agreement to acquire cloud software company Eucalyptus to accelerate hybrid cloud adoption in the enterprise. Terms of the deal were not disclosed.

Eucalyptus is a provider of open-source software for building private and hybrid enterprise clouds. 

Marten Mickos, CEO of Eucalyptus, said HP and Eucalyptus share a common vision for the future of cloud in the enterprise.

“Enterprises are demanding open-source cloud solutions, and I’m thrilled to have this opportunity to grow the HP Helion portfolio and lead a world-class business that delivers private, hybrid, managed and public clouds to enterprise customers worldwide,” said Mickos, who will join HP as senior vice-president and general manager of the cloud business after the acquisition closes.

The deal is expected to close in the fourth quarter of this year.

HP described HP Helion as a portfolio of products and services that brings all the benefits and agility of cloud computing.

Tina held senior editorial positions at daily newspapers in Ottawa and Toronto

editorial@siliconrepublic.com