HPE GreenLake To Power Research Lab Ofinno's Private Cloud, Anticipates Up To 90% Cost Reduction In Cloud Operations
Portfolio Pulse from Benzinga Newsdesk
Ofinno, a research lab specializing in 5G, Wi-Fi, and immersive media technologies, is transitioning from the public cloud to a private cloud using HPE GreenLake, a platform by Hewlett Packard Enterprise (NYSE:HPE). This move is expected to result in up to a 90% reduction in monthly operational costs and accelerate innovation. Ofinno has a history of selling patents to various industries, including consumer electronics, automotive, and telecommunications.
November 30, 2023 | 8:42 am
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HPE's GreenLake platform has been selected by Ofinno to power its private cloud, which is anticipated to significantly reduce Ofinno's operational costs and speed up innovation.
The selection of HPE GreenLake by Ofinno is a positive endorsement of HPE's cloud services, which could lead to increased visibility and credibility in the cloud market. The anticipated cost savings and innovation speed for Ofinno may also serve as a case study for HPE to attract more clients, potentially boosting HPE's short-term stock performance.
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