HP buys Eucalyptus’ cloud computing software
September 12, 2014
Grazed from Bloomberg. Author: Editorial Staff.
Hewlett-Packard Co. is buying cloud-computing software developer Eucalyptus Systems as Chief Executive Officer Meg Whitman embarks on new acquisitions to bolster the computer maker’s businesses. Eucalyptus, founded in 2009, provides technology that lets companies store, process and deliver computing data via the Internet.
The Goleta, California-based company has raised $55.5 million in three financing rounds. Hewlett-Packard is paying less than $100 million, according to a person with knowledge of the situation. The deal marks a return to mergers and acquisitions for Whitman after a dry spell following Hewlett-Packard’s $8.8 billion writedown of Autonomy Corp. in 2012, after buying the data software company for $10.3 billion a year earlier…
Hewlett-Packard, the world’s second-largest seller of server computers, is seeking to add customers that are setting up their own cloud networks…
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