HP To Buy ActiveState's Stackato Business, Terms Not Disclosed

(RTTNews) - Hewlett-Packard Co (HPQ) on Tuesday said it has agreed to acquire ActiveState Software Inc's Stackato business, an enterprise-ready Platform as a Service (PaaS) solution with Cloud Foundry at its core. The financial terms of the deal were not disclosed.

The deal is expected to close in the fourth quarter of HP's fiscal year 2015, upon which the Stackato business will become part of HP Cloud.

HP said Stackato's open technology built on Cloud Foundry PaaS gives it a more complete cloud offering.

By providing developers a single cloud application platform with enterprise-level security, 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 company said.