HP (NYSE: HPQ) is to acquire ActiveState Software‘s Stackato business, an enterprise-ready Platform as a Service (PaaS) solution with Cloud Foundry at its core.
The amount of the transaction was not disclosed.
After the close of the transaction — expected in the fourth quarter of HP’s fiscal year 2015, subject to customary closing conditions — ActiveState’s Stackato business will become part of HP Cloud.
Founded in 1997, ActiveState is a provider of open source software application development and management solutions. Stackato’s open technology built on Cloud Foundry PaaS gives HP a complete cloud offering. By providing developers a single cloud application platform with enterprise-level security and support, Stackato will enhance the HP Helion Development Platform by enabling customers to bring applications to market faster by reducing the amount of time spent on IT configuration.
FinSMEs
03/08/2015