HP acquires Eucalyptus

Deal to help the company accelerate hybrid cloud adoption in the enterprise

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HP acquires Eucalyptus Whitman says Marten will enhance HP’s outstanding bench of cloud executives and expand HP Helion capabilities.
By  Manda Banda Published  September 15, 2014

HP has announced a definitive agreement to acquire Eucalyptus, a provider of open source software for building private and hybrid enterprise clouds.

Neither company commented on the price but sources close to the matter suggest it is less than $100m. Eucalyptus has raised some $55m.

This is the first significant deal that HP has done since its cataclysmically poor Autonomy acquisition, the tremors of which are still being played out in court.

After the transaction closes, Eucalyptus CEO Marten Mickos, a respected leader in the cloud industry and a longtime advocate of open source, will join HP as senior vice president and general manager of the Cloud business, reporting to Meg Whitman, chairman, president and CEO of HP.

In this role, Mickos will lead the HP Cloud organisation in building out the HP Helion portfolio, based on OpenStack technology.

Prior to Eucalyptus, Mickos was CEO of MySQL, which he grew from a garage start-up to the company providing the second most widely used open source software in the world.

"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 Whitman. "Marten will enhance HP's outstanding bench of Cloud executives and expand HP Helion capabilities, giving customers more choice and greater control of private and hybrid cloud solutions."

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

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