Eucalpytus Acquired By HP For Around $100M

Santa Barbara-based Eucalpytus, the developer of open source software for managing private and hybrid clouds, has been acquired by HP, HP said Thursday afternoon. Financial terms of the buy were not disclosed, however, reports place the buy at somewhere under $100M. Eucalpytus, which is led by Marten Mickos, was venture backed by Institutional Venture Partners (IVP), Benchmark Capital, BV Capital, and New Enterprise Associates. The company had raised at least $55.5M in funding.