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HP pledges to invest US$1 bil. over 2 years in cloud service expansion

NEW YORK--U.S. computer giant Hewlett Packard unveiled an expanded offering of Internet “cloud” services on Wednesday, pledging to invest US$1 billion over the next two years.

The California tech giant said it was launching “HP Helion,” described as “a portfolio of cloud products and services that enable organizations to build, manage and consume workloads in hybrid IT environments.”

“Customer challenges today extend beyond cloud. They include how to manage, control and scale applications in a hybrid environment that spans multiple technology approaches,” said Martin Fink, HP's chief technology officer.

“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.”

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