HP announces $1bn investment in cloud

Announcement follows Foxconn cloud server deal; includes OpenStack rollout

Tags: Cloud computingHPUSA
  • E-Mail
HP announces $1bn investment in cloud (Getty Images)
By  Stephen McBride Published  May 7, 2014

HP has announced a plan to sink more than $1bn into its open-source cloud offerings over the next two years, Reuters reported.

The company said it would roll out OpenStack-based public cloud services to 20 data centres over the next 18 months. OpenStack is an open-source cloud venture co-funded by HP.

"Customer challenges today extend beyond cloud. They include how to manage, control and scale applications in a hybrid environment that spans multiple technology approaches," Martin Fink, executive vice president and chief technology officer, HP, said in a statement.

The announcement regarding cloud investment follows HP's deal with Taiwan's Foxconn - announced last week - to manufacture servers aimed at managed service providers, in an effort to tap the growth in demand for cloud computing as a cost-cutting measure.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code