HP pushes forward with $1bn investment in open source cloud tech

HP is preparing to forge further into the cloud arena, with plans to invest $1 billion (£590 million) in open source cloud technology over the next two years.

The money will be splashed on furthering its cloud products and services based on OpenStack, under the brand of HP Helion.

All of HP's existing cloud services will be brought together under the Helion umbrella along with HP's new open source OpenStack products. HP will offer support, of course, and protection for customers in the form of HP's OpenStack Technology Indemnification Program, which will guard against third-party patent claims relating to the OpenStack software.

HP says that its Helion OpenStack-based public cloud services will be rolled out to 20 data centres across the globe over the next year and a half, with HP PartnerOne also set to go live, meaning cloud partners will be able to resell OpenStack-based products.

Martin Fink, executive vice president and chief technology officer of HP, commented: "Customer challenges today extend beyond cloud. They include how to manage, control and scale applications in a hybrid environment that spans multiple technology approaches. HP Helion provides the solutions and expertise customers need to select the right deployment model for their needs and obtain the greatest return for their investment."

HP is making a big drive cloud-wards, as this move follows the inking of a deal with Foxconn last week, an agreement which will witness the production of a new line of cloud-optimised servers aimed at cloud service providers (complementing HP's existing ProLiant server line).

The company clearly believes the cloud is a major revenue stream, and is prepared to push forward on multiple fronts – Amazon and Google will doubtless be taking serious note.