HP finally admits it can’t compete with public cloud vendors like Amazon, Google, and Microsoft
Hewlitt-Packard (HP), after years of trying to compete with major public cloud vendors, has finally admitted defeat.
Many major companies like Netflix and Snapchat run their businesses by storing data on such clouds.
HP had been acquiring smaller cloud services like OpenStack and Eucalyptus for the past few years, but even those purchases could not go head-to-head with larger cloud vendors like Amazon, Google, and Microsoft.
“We thought people would rent or buy computing from us,” Bill Hilf, the head of HP’s cloud business told The New York Times. “It turns out that it makes no sense for us to go head-to-head.”
This fall, HP will be split into two companies: one that handles personal computers and another that deals with business technology.