HPE acquires Cloud Technology Partners
Hewlett-Packard Enterprise (HPE) has announced it is acquiring Cloud Technology Partners, a born-in-the-cloud services company. Financial terms of the deal were not disclosed.
Cloud Technology Partners helps sophisticated IT organizations move to the cloud. It does it by determining optimal apps for both public and private clouds. The company also executes migrations and help clients transform their organizations as needed.
Cloud Technology Partners helps clients build new and disruptive solutions that revolve around IoT, Big Data and Machine Learning. Also, it helps clients achieve governance, risk and regulatory compliance.
"Businesses today live in a Hybrid IT world. Achieving business outcomes requires putting each workload in the appropriate environment, whether it’s in an on-premises data center, in a private cloud, on public clouds or offered as a SaaS application," HPE said in a press release.
"And, this environment is different for every organization, dynamically changing with their business needs and workload requirements. We believe most enterprises will operate in this Hybrid IT environment for the foreseeable future."
This is the fifth technology acquisition HPE has done this year alone, following Simplivity, Nimble Storage, Cloud Cruiser and Niara.
According to Fortune, CTP has raised about $34 million from investors including Oak Investment Partners and Pritzker Group Venture Capital.
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