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

07
May
2014

The company said it will make its OpenStack-based public cloud services available in 20 data centers 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. They include how to manage, control and scale applications in a hybrid environment that spans multiple technology approaches, Martin Fink, executive vice president and chief technology officer, HP, said in a statement. HP last week inked a deal with Taiwanese contract manufacturer Foxconn Technology Group to make servers aimed at companies that provide cloud computing services.

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