Purchasing the Indian IT outsourcer from Hewlett-Packard could cost up to $1.1 billion.
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The companies say the newly-formed company will become a leader in Chinese storage, server and technology services.
Hewlett-Packard is attempting to sell its Chinese networking arm to a local buyer.
Three lawsuits stemming from the disastrous acquisition of Autonomy by HP have now been settled.
Hewlett-Packard has announced new services tailored for Workday HCM to improve enterprise operations and productivity.
Hewlett-Packard plans to invest over $1 billion in developing cloud products and services.
According to reports, Hewlett-Packard executives were aware of Autonomy's problems long before accusing the firm of accounting fraud.
HP's struggle with falling PC sales and fierce competition will see restructuring efforts take a more aggressive form than planned.
The chief executive of accounting at Hewlett-Packard has resigned, but has the failed Autonomy buyout demanded the sacrifice?
Based on the firm's Big Data analytics platform, HP has launched a new service to make analyzing Big Data less of a headache for enterprises.