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HP to buy cloud software startup in rare acquisition

12
Sep
2014

Hewlett-Packard Co plans to buy cloud software startup Eucalyptus Software, a rare acquisition for the company since its failed $11 billion purchase of Britains Autonomy Plc in 2011. HP did not say how much it will pay for Eucalyptus, which provides open-source software for building private and hybrid clouds, or Internet-based computing services. The acquisition is expected to close in the fiscal fourth quarter, after which Eucalyptus Chief Executive Officer Marten Mickos, a proponent of open-sourced software, will join HP as senior vice president and head of its cloud business. He will report to CEO Meg Whitman.

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