H-P to Acquire Cloud-Software Company Eucalyptus

Hewlett-Packard Co. is stepping up its cloud efforts, unveiling a deal to buy Eucalyptus, which provides open-source software for the computing service.

Financial terms weren’t disclosed.

Eucalyptus Chief Executive Marten Mickos, who was once chief executive of MySQL, the open source database developer sold to Sun Microsystems Inc. in 2008, will joinH-P HPQ -0.54% as senior vice president and general manager of the company’s cloud business.

H-P Executive Vice President and Chief Technology Officer Martin Fink, who now leads the cloud business, will remain in his roles as chief technology officer of H-P and director of H-P Labs.

In August, H-P reported a 1.3% revenue increase for the quarter ended July 31, the first sales increase after 11 straight quarters of decline.

In May, the company said it would invest more than $1 billion over two years to develop cloud-computing software and tools. Last month, it announced an agreement with Beijing UnionRead Information Technology Ltd. to build and operate community clouds in China.

Privately held Eucalyptus, Goleta, Calif., traces its roots to a research project at the University of California, Santa Barbara. According to the Eucalyptus website, the commercialization effort for the Eucalyptus project started in January 2009.

http://online.wsj.com/articles/h-p-to-acquire-cloud-software-company-eucalyptus-1410467459

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