Hewlett Packard Enterprise (HPE), a prominent player in the technology sector, has been strategically expanding its cloud business through acquisitions, marking a significant move towards bolstering its hybrid cloud offerings. The latest in this series of strategic acquisitions is Cloud Technology Partners (CTP), a Boston-based cloud consulting firm, signaling HPE’s commitment to strengthening its position in the competitive cloud landscape. The financial details of the deal remain undisclosed.
The acquisition of Cloud Technology Partners brings to HPE a wealth of expertise in guiding large organizations through the complexities of cloud migration. A critical challenge for businesses today is determining the optimal balance between on-premises infrastructure and cloud deployments. Furthermore, managing applications seamlessly across hybrid environments presents significant hurdles. CTP’s specialization in these areas makes it a valuable asset for HPE.
CTP’s proprietary management suite, Managed Cloud Controls, is a key component of this acquisition. This suite is specifically designed to assist clients in navigating the intricacies of multi-cloud environments, particularly in crucial areas such as compliance and cost management. By integrating Managed Cloud Controls into its portfolio, HPE enhances its ability to provide comprehensive solutions for businesses operating in hybrid and multi-cloud models.
This acquisition represents HPE’s fifth corporate purchase this year, underscoring the company’s aggressive strategy to build a robust hybrid cloud business. This approach mirrors the strategies adopted by other established technology vendors. Notably, VMware recently announced a similar hybrid cloud strategy at VMworld, and industry giants like IBM, Red Hat, Oracle, and Dell EMC are also heavily invested in this direction.
The convergence of these industry leaders towards hybrid cloud solutions highlights a significant market opportunity. HPE’s proactive acquisition of companies like Cloud Technology Partners demonstrates its determination to establish a competitive hybrid offering, acknowledging a degree of being late to market and utilizing acquisitions to accelerate its progress.
Founded in 2009, Cloud Technology Partners has established itself as a significant player in the cloud consulting space, raising nearly $34 million in funding. The CTP team includes notable figures like SVP David Linthicum, a well-known cloud expert and frequent contributor to platforms like Infoworld, further solidifying CTP’s industry credibility and expertise.
