Cloud Technology Partners
Earlier this month, Hewlett Packard Enterprise (HPE) announced the acquisition of cloud consulting firm Cloud Technology Partners (or CTP). The details of the acquisition weren’t disclosed. According to HPE, the acquisition of CTP will strengthen its hybrid IT (information technology) consulting capabilities. CTP has enterprise clients and advises firms on the best cloud technology solution based on their requirements.
Companies can choose a variety of cloud solutions provided by technology giants such as Amazon (AMZN), Google (GOOG), and Microsoft (MSFT). CTP helps clients navigate and set up the appropriate cloud infrastructure. According to Owler, CTP has an estimated annual revenue of approximately $13.1 million. CTP has raised about $34.0 million in funding since it was founded in 2010. It has completed about 500 cloud transformation projects to date.
According to HPE’s press release, “HPE Pointnext is an innovative IT services organization built to make Hybrid IT simple and power the Intelligent Edge.” HPE will help companies modernize legacy infrastructure with the flexibility of cloud.
Digital transformation is not simple, and HPE is using its expertise to help companies achieve that goal. HPE aims to provide the right mix of infrastructure solutions and simplify the IT life cycle. HPE claims to have finished more than 11,000 successful IT transformations in a year.