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News / Business

HP returns to acquisitions, buying cloud software-maker

The Columbian
Published: September 12, 2014, 5:00pm

SAN FRANCISCO — Hewlett-Packard Co. is buying cloud-computing software developer Eucalyptus Systems as Chief Executive Officer Meg Whitman embarks on new acquisitions to bolster the computer maker’s businesses.

Eucalyptus, founded in 2009, provides technology that lets companies store, process and deliver data via the Internet. The Goleta, Calif.-based company has raised $55.5 million in three financing rounds. Hewlett-Packard is paying less than $100 million, according to a person with knowledge of the situation.

The deal marks a return to mergers and acquisitions for Whitman after a dry spell following Hewlett-Packard’s $8.8 billion writedown of Autonomy Corp. in 2012, a year after buying the data software company for $10.3 billion. Hewlett-Packard, the world’s second-largest seller of server computers, seeks to add customers setting up cloud networks.

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