Today Microsoft and HP announced a $250 million engineering, sales and services partnership to advance cloud computing and help customers better use IT for business success.  You can read the press release and other materials and watch videos of Steve Ballmer, Bob Muglia and HP executives commenting on the agreement in the virtual press room.

Read the comments of Brad Anderson, CVP of the Management and Services Division at Microsoft, on the new Microsoft Blog:

Key to this deal is integrating virtualization and systems management across heterogeneous datacenter and cloud environments. Seamless management for both physical and virtualized systems will provide automatic provisioning, power management and self-tuning, which together will help customers streamline the deployment of new business capabilities across their companies.

- The System Center Team