HPE (Hewlett Packard Enterprise) this week announced plans to acquire a cloud consulting Startup to boost its IT portfolio with cloud consulting experience. However, financial terms of the deal were not disclosed to the public.
According to Fortune, HPE plans to acquire Cloud Technology Partners (CTP), a Boston-based consulting firm that helps companies build cloud computing capabilities. The deal will help HPE build out its own consulting services. Once the deal is completed, the cloud consulting startup will become part of HPE's PointNext division, which provides IT deployment and consulting services, the website added.
The CTP deal is the latest and the fifth company HPE has acquired this year. The deal is expected to give HPE another tool to help its customers deal with a myriad of IT issues that have plagued today’s environment.
About the target company
Founded in 2009 and based in Boston, Massachusetts, CTP provides consulting, design and cloud computing advisory services to enterprise customers. The startup provides design and cloud solutions for apps and IT infrastructures that helped streamline operations and reduce IT costs. It works with companies to determine which cloud computing platform (Microsoft Azure, AWS or Google) is best for its business.
CTP’s expertise includes private cloud deployment, cloud strategy consulting, system integration, cloud security, application development, and cloud governance.
The startup offers a cloud management suite called Managed Cloud Controls, which has been designed to help companies with their multi-cloud approach, the TechCrunch reported.
According to startup profiler CrunchBase, CTP’s investors include some big names investment and technology firms. These include Oak Investment Partners, Pritzker Group Venture Capital, State Street Bank & Trust and Rackspace, a cloud infrastructure firm.
To date, the company has raised a total of $33.97 million in venture capital fund.
About Hewlett Packard Enterprise
Based in Palo Alto, California, Hewlett Packard Enterprise is an enterprise information technology (IT) company that was formed in November 2015 as part of the splitting of the tech giant Hewlett Packard company.
HPE currently has four divisions: the Service Group, Software Group, Financial Group and Enterprise Group, which works in servers, networking, consulting and IT support.
The enterprise company has also made several acquisitions in the past years. These includes the San Jose-based Silicon Graphics International, which is known for high-performance computing, and Nimble Storage, a San Jose-based predictive flash storage technology firm.
Other HPE-related news
HPE has completed the spinoff of much of its software business, merging it with the UK-based Micro Focus. The spinoff marks the end of HPE’s disastrous 2011 acquisition of British software maker Autonomy, which it bought for a whopping $11 billion.
The company’s enterprise software businesses have been merged with the UK-based software firm Micro Focus, according to Reuters.
HPE was formed when the once giant IT company known as Hewlett-Packard split into two companies, the enterprise-focused HPE and the PC business group HP Inc. The spinoff comes as the company starts to narrow its focus on data center space.
