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PALO ALTO, CA -- (Marketwired) -- 07/28/15 -- HP (NYSE: HPQ) today announced a definitive agreement to acquire ActiveState Software Inc.'s (ActiveState) Stackato business, an enterprise-ready Platform as a Service (PaaS) solution with Cloud Foundry at its core. ActiveState is a leading provider of open source software application development and management solutions.

Stackato's open technology built on Cloud Foundry PaaS gives HP a more complete cloud offering. By providing developers a single cloud application platform with enterprise-level security and world-class support, Stackato will enhance the HP Helion Development Platform by enabling customers to bring applications to market faster by reducing the amount of time spent on IT configuration.

"The Stackato PaaS solution strengthens the HP Helion portfolio and reinforces HP's commitment to delivering customers open source solutions that help accelerate their transition to hybrid clouds," said Bill Hilf, Senior Vice President, Product and Service Management, HP Cloud. "The acquisition reinforces HP's focus on driving Cloud Foundry as the open standard cloud native application platform."

After the transaction closes -- expected in the fourth quarter of HP's fiscal year 2015, subject to customary closing conditions -- ActiveState's Stackato business will become part of HP Cloud.

For more information on HP's leading cloud solutions, click here.

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Forward-Looking Statements

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