Hewlett Packard Enterprise Co (NYSE:HPE) has applied for a trademark to an upcoming product under the name OneSphere which will assist in cloud management.
HPE is planning to introduce OneSphere as a new product that will help companies to monitor the use of cloud services by their employees. The company filed for the trademark in October and the application has various references to hardware. This suggests that OneSphere will allow corporate customers to keep track of the amount of cash they spend on cloud services such as Amazon.com, Inc. (NASDAQ:AMZN)’s AWS.
The trademark application also features content that hints towards the ability to use the upcoming product to move applications across multiple computing environments. HPE’s venture into this area is interesting considering that the company opted to shut down its own public cloud service which faced heavy competition from the likes Amazon’s AWS and Microsoft Corporation (NASDAQ:MSFT) Azure. OneSphere highlight’s HPE’s continued involvement in the cloud industry.
“HPE is preparing to unveil OneSphere later this month,” insiders familiar with the matter revealed.
HPE markets some of its products using the term “cloud management” and the upcoming product is expected to be within that line of products. However, most cloud management products usually revolve around software yet OneSphere is believed to be related to hardware. So far the company has not released any comments pertaining OneSphere.
It is worth noting that HPE has disposed of some of its properties ever since the split with HP Inc (NYSE:HPQ). This includes the sale of its non-core software holdings as well as its enterprise services. The crowd computing industry has seen a lot of growth over the past few years and a lot of companies have jumped on board to take advantage of the digital shift. Companies such as Microsoft and Amazon generate a lot of revenue from this industry and the good thing is that they have been constantly improving their services making them even more attractive. It looks like HP is still looking to get a piece of the pie in its own unique way and the upcoming product will strengthen its offering.
HPE stock closed Thursday’s trading session at $13.27.
