Press Release: July 19, 2012

Germany’s MLP Signs New Outsourcing Agreement with HP

Financial services firm continues migration to utility-based computing model to fuel efficiencies, innovation

BÖBLINGEN, Germany --Hewlett-Packard GmbH today announced that MLPFinanzdienstleistungen AG, a Germany-based independent financialservices and wealth management consulting company, has signed anagreement for HP to continue managing MLP’s information technologyand applications environments.

Under the contract, whichextends the companies’ relationship for 10 years, HP will beginproviding utility-based business process outsourcing services tofuel efficiencies and innovation for MLP.

HP also will combine MLP’sIT infrastructure with its applications environment to build acomprehensive, utility-based service model. This gives MLP theflexibility to rapidly scale IT services up and down to meetchanging business needs.

“Today’s consumer requiresa variety of options to fulfill increasingly complex financialservices needs,” said Reinhard Loose, chief financial officer, MLPFinanzdienstleistungen AG. “As a long-term strategic ally, HPparticipates in initiatives that support existing and futureinnovations, allowing us to focus on delivering top-qualityservices and products to our customers while realizing a highefficiency.”

HP will continue providinga full scope of HP Infrastructure Technology Outsourcing Services. HP DataCenter Services will help to ensure high availability of ITservices and continuous reliable operations. HP will provide HP Network Management Services to remotely manage and monitorMLP’s networks across Germany.

HP also will continueproviding HP Applications Development Services and HP ApplicationsManagement Services, managing MLP’s customer-facing and back-officeapplications. HP’s applications management provides tiered servicelevels to adjust support based on the criticality of eachapplication and to recalibrate spending as technology and theportfolio changes.

With the IT andapplications flexibility, MLP can rebalance technology investmentsas the business requires.

HP will provide theseservices from global delivery centers in Bulgaria, Germany, India, Poland andSlovakia. HP’s model blends the power of its technology portfoliowith global delivery expertise to give clients greater flexibilityand cost efficiency while minimizing risks.

HP hardware—includingservers, storage, desktop and notebook PCs, networking andprinters—is an integrated part of these services.

“To capitalize on growthopportunities, financial services companies like MLP needapplications and business process support that is always availableand easily adaptable to change,” said Mike Nefkens, senior vicepresident and general manager, Enterprise Services—Europe, MiddleEast and Africa, HP. “For more than 10 years, MLP and HP haveworked collaboratively, leading to today’s relationship, in whichour complete services portfolio enables MLP to pursue innovativeofferings with the backing of efficient processes and an optimizedtechnology infrastructure.”

HP’s premier Europe, MiddleEast and Africa client event, HP Discover, takes placeDec. 4-6 in Frankfurt, Germany.


MLP is Germany’s leadingindependent consulting company. Supported by comprehensiveresearch, the Group provides a holistic consulting approach thatcovers all economic and financial questions for private andcorporate clients, as well as institutional investors. The keyaspect of the consulting approach is the independence frominsurance companies, banks and investment firms. The MLP Groupmanages total assets of more than EUR 20.2 billion and supportsmore than 794,500 private and 5,000 corporate clients or employers.The financial services and wealth management consulting company wasfounded in 1971 and holds a full banking license. Visit

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