On Sep 11, 2014 PALO ALTO, CA - HP announced a definitive agreement to acquire Eucalyptus, a provider of open source software for building private and hybrid enterprise clouds, In a slap against cloud-computing to rival Amazon, Eucalyptus Systems.
After the transaction closes, Eucalyptus Chief Executive Officer (CEO) Marten Mickos, will join HP as senior vice president and general manager of the Cloud business, reporting to Meg Whitman, chairman, president and chief executive officer of HP, thus leading the HP Cloud organization in building out the HP Helion portfolio, based on OpenStack® technology.
"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."
Martin Fink, who currently leads HP's Cloud business, will remain in his roles as chief technology officer of HP and director of HP Labs, where he will focus on innovation and creating groundbreaking solutions like The Machine. Fink will also continue to lead HP's Network Functions Virtualization (NFV) business.
Since introducing HP Helion in May, with investment of $1 billion in that cloud business, HP has grown share in private cloud and was ranked as the leader in the Forrester Wave report for Private Cloud Solutions.(1) In addition, HP recently announced an agreement to build and operate community clouds for enterprise customers in China, one of the fastest growing cloud markets in the world, and also announced HP Helion OpenStack Professional Services to help enterprises implement OpenStack technology-based clouds. HP is the leading code contributor to the next release of OpenStack code, scheduled for October. HP expects the acquisition to close in the fourth quarter of its fiscal year 2014. Terms of the deal were not disclosed.
By this, HP a nice tool to nab Amazon cloud customers.
Eucalyptus makes software for something called "private" cloud computing. That's where companies use cloud-computing technology in their own data centers to help them use their computers and networks more efficiently. Eucalyptus makes private cloud software that mimics Amazon's cloud. You could build a mini-Amazon in your own data center then easily move apps and data between your own data center and Amazon's cloud, tapping into Amazon whenever you needed extra computing power. (A concept is known in as "hybrid" computing in the tech industry.)
Until Amazon's huge contract with the CIA, Amazon didn't offer any private cloud tech. And that deal was for a specially constructed data center that will cost up to $600 million. Everyone else gets the software from an Amazon partner like Eucalyptus. For instance security software company F-Secure just signed up with Eucalyptus to do a hybrid Amazon cloud.
HP is going through a multi-year turnaround to trim debt and grow revenue again, including a massive layoff of 45,000 to 50,0o0 people.
But in May HP reported its first year-over-year increase in revenue in three years and Whitman indicated the company would be making "small" acquisitions in the "low hundreds to millions to mid-sized deals."
As to how much HP might have paid for Eucalyptus: it raised $55.5 million, including $30 million in 2012.
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