HP pours $1bn into open source cloud
Hewlett-Packard said it plans to invest more than $1 billion over the next two years to develop and offer cloud computing products and services.
The company said it will make its OpenStack-based public cloud services available in 20 data centres over the next 18 months.
OpenStack, a cloud computing project that HP co-founded, provides a free and open source cloud computing platform for public and private cloud services.
"Customer challenges today extend beyond cloud. They include how to manage, control and scale applications in a hybrid environment that spans multiple technology approaches," Martin Fink, executive VP and chief technology officer, HP, said in a statement.
HP last week inked a deal with Taiwanese contract manufacturer Foxconn Technology to make servers aimed at companies that provide cloud computing services.
Cloud services have become increasingly popular among both cash-strapped tech start-ups and larger companies, which rely on computers owned and operated by the likes of Amazon and Google, instead of buying the equipment themselves.
Amazon and Google recently slashed prices of most of their cloud computing services as other companies join the fray.
Cisco laid out plans in March to offer cloud computing services, pledging to spend $1 billion over the next two years, while Microsoft said it will increase its cloud storage offering for business users 40-fold.