HP Expands Business Intelligence Services Capabilities with Acquisition of Knightsbridge Solutions
Headquartered in Chicago,Knightsbridge has 700 employees, with offices across the UnitedStates and in London, and a focus on Fortune 500 customers andtheir global divisions. Financial terms of the transaction were notdisclosed.
“Recognized for excellenceand innovation, Knightsbridge advances HP’s leadership position indelivering business intelligence and data warehouse solutions,”said John W. McCain, senior vice president and general manager, HPServices. “Together, the two companies provide our customers with aworld-class portfolio of information management solutions.”
“Combining Knightsbridgewith HP represents a huge advantage for our collective customersand partners,” said Roderick S. Walker, president and chiefexecutive officer, Knightsbridge Solutions. “By combining ourbusiness intelligence expertise with HP Services, we believe we candeliver more complete end-to-end information management servicesfor our clients than either firm could have accomplished on itsown.”
The transaction is subjectto certain closing conditions and is expected to be completedwithin approximately 30 days. Following completion, the businesswill be fully integrated into HP Services within HP’s TechnologySolutions Group.
Knightsbridge is a leadingprofessional services consultancy focused exclusively on theinformation management disciplines of business intelligence, datawarehousing, data integration and information quality. Large ordata-centric organizations turn to Knightsbridge for their mostdifficult data problems – problems rooted in massive data volumesor complex information challenges. Knightsbridge deliversactionable and measurable business results that informdecision-making, optimize IT efficiency and improve businessperformance.
Visit Knightsbridge onlineat www.knightsbridge.com.
HP is a technologysolutions provider to consumers, businesses and institutionsglobally. The company’s offerings span IT infrastructure, globalservices, business and home computing, and imaging and printing.For the four fiscal quarters ended Oct. 31, 2006, HP revenuetotaled $91.7 billion. More information about HP (NYSE, Nasdaq:HPQ) is available at http://www.hp.com.
This news releasecontains forward-looking statements that involve risks,uncertainties and assumptions. If such risks or uncertaintiesmaterialize or such assumptions prove incorrect, the results of HPand its consolidated subsidiaries could differ materially fromthose expressed or implied by such forward-looking statements andassumptions. All statements other than statements of historicalfact are statements that could be deemed forward-lookingstatements, including the expected benefits and costs of thetransaction; management plans relating to the transaction; theexpected timing of the completion of the transaction; anystatements of expectation or belief; and any statements ofassumptions underlying any of the foregoing. Risks, uncertaintiesand assumptions include the possibility that expected benefits maynot materialize as expected; risks related to the timing orultimate completion of the transaction; and other risks that aredescribed from time to time in HP’s Securities and ExchangeCommission reports, including but not limited to the risksdescribed in HP’s Quarterly Report on Form 10-Q for the fiscalquarter ended July 31, 2006, and other reports filed after HP’sAnnual Report on Form 10-K for the fiscal year ended Oct. 31, 2005.HP assumes no obligation and does not intend to update theseforward-looking statements.
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