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HP bets big on Cloud

 (Image source:enterprisecioforum.com)

Hewlett-Packard Company (NYSE:HPQ) is betting its future on cloud computing. Over the next two years, the company will spend $1 billion on products and services centered on OpenStack. OpenStack is a cloud hosting software that allows organizations to create its own private cloud computing systems. All of HP’s cloud offerings will now be under one umbrella called HP Helion.