Hewlett-Packard is making its foray into the cloud services market with a new computing platform designed to offer enterprises an open source alternative to similar services from Amazon, Rackspace and Terremark, among others. HP Converged Cloud is a hybrid solution built on the OpenStack specification and made up of five components for storing, managing and optimizing data traffic. The company plans to release the new tool for beta testing May 10.

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Bloomberg, InfoWorld

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