Toshiba and HP joined forces to develop cloud computing technologies and related services for infrastructure organizations. Toshiba said in a statement today that the companies plan to jointly develop technologies that can share data on social infrastructure including water supply, transportation, telecommunications, medical and public-service systems, contributing to energy conservation. The collaboration will help grow…

According to Bloomberg, Hewlett-Packard needs to spend as much as double the historical valuation for software takeovers to catch up in cloud computing. Although Apotheker said this month he will follow a “disciplined” approach to acquisitions for Hewlett-Packard, he may be forced to pay up to offset cuts in development spending by ousted CEO Mark Hurd and…

Hewlett-Packard and virtualization specialist VMware Inc. announced this week their intent to collaborate on developing and marketing security technology for the cloud. The companies said they aim to advance customer protection by integrating HP’s TippingPoint intrusion prevention system with VMware’s vShield and vCloud Director products to deliver a unified cloud security system and by automating…

Hewlett-Packard Co. announced today that it has agreed to buy privately held, real-time analytics platform company Vertica Inc. The financial terms of the deal were not disclosed. Vertica’s technology helps customers monetize their data at the speed and scale necessary to deliver significant value to customers and shareholders. Vertica’s customers include Internet companies such as…

In an effort to join the cloud computing race, HP which has lagged behind Dell and IBM in its cloud computing efforts, launched this week Enterprise Cloud Services—Compute and HP CloudSystem. HP Enterprise Cloud Services—Compute, offers enterprises the ability to run key applications and securely access them over a network—without investing in unnecessary assets or processes. Client…