HP to Acquire ActiveStates Stackato Business to Help Customers Transition to Hybrid CloudTransaction enhances HP Helion platform with Stackato's Cloud Foundry-based Platform as a Service (PaaS) solution
PALO ALTO, Calif., July 28, 2015 HP today announced a definitive agreement to acquire ActiveState Software Inc.'s (ActiveState) Stackato business, an enterprise-ready Platform as a Service (PaaS) solution with Cloud Foundry at its core. ActiveState is a leading provider of open source software application development and management solutions.
Stackato's open technology built on Cloud Foundry PaaS gives HP a more complete cloud offering. By providing developers a single cloud application platform with enterprise-level security and world-class 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.
The Stackato PaaS solution strengthens the HP Helion portfolio and reinforces HP's commitment to delivering customers open source solutions that help accelerate their transition to hybrid clouds, said Bill Hilf, Senior Vice President, Product and Service Management, HP Cloud. The acquisition reinforces HP's focus on driving Cloud Foundry as the open standard cloud native application platform.
After the transaction closes 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.
For more information on HP's leading cloud solutions, click here.
Forward-Looking StatementsThis press release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the expected benefits and costs of the transaction; management plans relating to the transaction; the expected timing of the completion of the transaction; statements of the plans, strategies and objectives of management for future operations, including the separation transaction; the future performance of Hewlett-Packard Enterprise and HP Inc. if the separation is completed; any statements concerning expected development, performance, market share or competitive performance relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the need to address the many challenges facing HP's businesses; the competitive pressures faced by HP's businesses; risks associated with executing HP's strategy, including the planned separation transaction, and plans for future operations and investments; the impact of macroeconomic and geopolitical trends and events; the need to manage third-party suppliers and the distribution of HP's products and services effectively; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; risks associated with HP's international operations; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its suppliers, customers, clients and partners; the hiring and retention of key employees; integration and other risks associated with business combination and investment transactions; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; the execution, timing and results of the separation transaction or restructuring plans, including estimates and assumptions related to the cost (including any possible disruption of HP's business) and the anticipated benefits of implementing the separation transaction and restructuring plans; the resolution of pending investigations, claims and disputes; the other risks that are described in HP's Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2015, and that are otherwise described or updated from time to time in HP's Securities and Exchange Commission reports. HP assumes no obligation and does not intend to update these forward-looking statements.
2015 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
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HP to Acquire ActiveStates Stackato Business to Help Customers Transition to Hybrid CloudTransaction enhances HP Helion platform with Stackato's Cloud Foundry-based Platform as a Service (PaaS) solution
