06:50 AM EDT, 09/16/2024 (MT Newswires) -- Hewlett Packard Enterprise ( HPE ) said Monday that Barclays ( JJCTF ) has struck a new private cloud contract, confirming Hewlett's GreenLake Cloud as a vital tool for Barclays' ( JJCTF ) hybrid cloud strategy.

The extended partnership is part of the initial cloud collaboration Barclays ( JJCTF ) signed with Hewlett Packard ( HPE ) in 2021.

Financial terms weren't disclosed.

Under this deal, Barclays ( JJCTF ) will "decommission legacy systems", free up rack space, and reduce power consumptions, Hewlett Packard ( HPE ) said.

Price: 17.11, Change: -0.04, Percent Change: -0.23