Press Release: August 14, 2009
Topics:

Sweden’s Länsförsäkringar Renews Applications and Infrastructure Services Contract with HP

PALO ALTO, Calif., Aug. 14, 2009

HP today announced it has signed a five-year, $73 million applications and infrastructure technology services agreement with Länsförsäkringar to help drive innovation and cost savings for the Sweden-based banking and insurance firm.

“By entrusting our technology services to HP, we can focus on delivering innovative insurance and financial services to our customers,” said Carin Göransson, chief information officer and chief operations officer at Länsförsäkringar AB. “Through our work together over the past five years, HP has established a reputation for exceptional service delivery and we look forward to this next phase of our relationship.”

Under the terms of the agreement, HP will continue to provide server, storage, workplace and applications management services. It also will provide comprehensive support of Länsförsäkringar’s environment, including customer relationship management software, as well as HP ProLiant, HP BladeSystem and HP StorageWorks XP Disk Array technologies. HP Financial Services, the company’s leasing and life cycle asset management services subsidiary, will provide leasing services. The technology services will be delivered from HP’s global delivery center in Bulgaria.

“Over the next five years, Länsförsäkringar will continue to innovate while maintaining cost-efficient IT operations,” said Aage Edvardson, Scandinavia manager at EDS, an HP company. “HP’s unrivaled experience, processes and continued commitment to service delivery excellence will help Länsförsäkringar achieve this outcome.”

HP provides a wide range of consulting, outsourcing and managed services to all sectors of the financial services industry, including payments and securities processing, workplace, networking, data center and security services, applications development and management as well as customer relationship management.

About HP

HP, the world’s largest technology company, simplifies the technology experience for consumers and businesses with a portfolio that spans printing, personal computing, software, services and IT infrastructure. More information about HP (NYSE: HPQ) is available at http://www.hp.com/.


This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected operational and financial results; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2009 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2008. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2009 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.


Editorial contacts:

Jennifer Harbour, HP: jennifer.harbour@hp.com

Ingrid Fleetwood Hesser, HP: ingrid.fleetwood-hesser@hp.com

About HP

HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of printers, PCs, mobile devices, solutions, and services, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com.