Enterprise networking vendor HP today said it will invest more than $1 billion over the next two years on cloud-related product and engineering initiatives, professional services and expanding HP Helion.
Earlier, IBM said it would invest $2 billion in several Cloud related initiatives. Cisco is also stepping up its presence in Cloud.
HP Helion cloud products and services enable businesses to build, manage and consume workloads in hybrid IT environments.
The company in a statement said HP Helion incorporates existing HP cloud offerings, new OpenStack technology-based products, and professional and support services under a unified portfolio to help meet customers’ specific business needs.
Martin Fink, executive vice president and chief technology officer, HP, said: “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 also announced its Helion OpenStack Community edition, a free version for proofs of concept, pilots and basic production workloads. HP will also release an enhanced commercial edition that addresses the needs of global enterprises and service providers in the coming months.
HP Helion Development Platform as a Service (PaaS) offers IT departments and developers an open platform to build, deploy and manage applications quickly and easily. HP plans to release a preview version later this year.
In addition, HP announced the HP Helion OpenStack Professional Services to assist customers with cloud planning, implementation and operational needs.
HP plans to provide OpenStack-based public cloud services in 20 data centers worldwide over the next 18 months.