HP will provide over $1 billion funding over the next two years to support its new portfolio of cloud-based product and service offerings dubbed as HP Helion. 

The HP Helion product offering integrates the other existing cloud offerings of the company, the new OpenStack products as well as professional and support services in a combined portfolio so as to help provide business needs of customers. 

"Customer challenges today extend beyond cloud. They include how to manage, control and scale applications in a hybrid environment that spans multiple technology approaches," Martin Fink, executive vice president at HP, says in a statement

Fink, who is also chief technology officer at HP, says that Helion gives customers the solutions and expertise they need to choose the appropriate deployment model for their business needs and, at the same time, acquire the maximum investment returns. 

Being a leader in the OpenStack and Cloud Foundry communities and a founding platinum member of the OpenStack Foundation, HP took a central role in the development of these technologies so as to meet the requirements of enterprises and to bring Cloud Foundry-based solutions and OpenStack technologies to the marketplace worldwide. It likewise says it understands that organizations need solutions that are deemed "open, secure and agile." 

The company reveals the cloud product and service offerings under the HP Helion portfolio are the following: HP Helion OpenStack Community edition, HP Helion Development Platform, HP Open Stack Technology Indemnification Program and HP Helion OpenStack Professional Services. 

CEO Mike Strohl of Entisys Solutions thinks the Helion product will lure more customers to start moving to cloud services and says that he was much interested by the OpenStack indemnification of HP regardless of not covering security breaches. 

"That to me is the biggest deal. It takes away a lot of the unknowns around the cloud. It removes risk for customers. That, more than anything else, should get customers to move faster to the cloud. It would be wonderful if they could take it all the way, but I understand there are a lot of people and processes to consider with security [indemnification]," Strohl says to CRN news website. 

The cloud offerings of HP Helion OpenStack will be available worldwide through the partner network of HP of over 110 service providers and 80 HP data centers distributed in 27 countries. The company plans to further provide the said offerings to 20 more data centers around the globe in the coming 18 months. Also, it will allow HP PartnerOne for Cloud partners to bring and resell these products and services.

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