HP going to invest more then $1 billion in open source cloud computing

HP to invest over $1 billion in open-source cloud computing

Hewlett-Packard Co said it plans to get significantly more than $1 billion within the next couple of years provide and to build up cloud-processing services and products.

The organization said it’ll produce its OpenStack-based public cloud solutions for sale in 20 data centers within the next 18 months.

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HP going to invest more then $1 billion in open source cloud computing

OpenStack, a cloud-computing task that HP co-started, supplies an open and free -supply cloud-computing system for personal and public cloud companies.

“Client problems today extend beyond cloud. They include level and control, just how to handle programs in a hybrid environment that covers multiple engineering methods,” key technology specialist, executive vice president and Martin Fink, HP, stated in a statement.

HP last week inked a cope with Taiwanese contract manufacturer Foxconn Technology Group to create machines targeted at businesses that offer cloud-computing solutions.

Cloud providers are becoming increasingly common among both money- bigger businesses, which depend on computers run and owned from the likes of Google and Amazon, rather than purchasing the equipment themselves and secured technology startups.

Google Inc and Amazon.com Inc recently cut costs on most of the cloud-computing solutions as others join the arena.

Cisco Systems Inc organized ideas in March to provide while Microsoft Corp said it’ll improve its cloud storage offering for business customers, cloud-computing solutions, pledging to invest $1 billion within the next couple of years 40-fold.

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