Press Release: July 14, 2009
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EDS, an HP Company, Signs Agreement with Nexus, Redbanc and Transbank, Significantly Growing its Business in Chile

PLANO, Texas, July 14, 2009

EDS, an HP company, today announced a new seven-year, $90 million technology infrastructure management agreement with three Chile-based financial services firms, which will help them to grow while lowering costs and helps HP substantially grow its presence in Chile.

The three companies, Nexus, Redbanc and Transbank, which deliver services to banks in Chile, will work with EDS to consolidate their five data centers. In addition to its global delivery centers in Argentina and Brazil, EDS will design and build a new high-efficiency data center near Santiago, Chile, to serve these clients. EDS also will provide end-user support and call center operations for about 1,200 employees in the companies’ locations across Chile.

“Today’s financial services industry moves at a rapid pace that requires the scale, reliability and agility that EDS provides while allowing us to improve service and deliver value to our customers,” said Carlos Johnson, general manager of Transbank. “We collectively selected EDS based on its solid service delivery and ability to respond to our technology needs in a secure, efficient and flexible way.”

The agreement includes a business technology transformation that will help Nexus, Redbanc and Transbank tackle new trends and market demands in the competitive financial industry with a technology environment built on top quality and security standards. The transformation includes data center and server consolidation, telecommunications infrastructure redesign and virtualization. HP BladeSystem, HP StorageWorks XP Tiered Storage Manager software and HP Data Protector backup and recovery software will be used to support the virtualized environment.

EDS will manage core platforms, servers, PCs, telecommunications and information security for the three companies.

“Success in today’s financial market requires an advanced technology infrastructure that can optimize operations, improve productivity and deliver competitive services to customers,” said Agustin Urtubey, managing director of the Latin America Multicountry Area at EDS, an HP company. “This agreement significantly expands EDS’ business in Chile and underscores our role as a strategic technology services partner in South America.”

About EDS

EDS, an HP company, is a leading global technology services provider, delivering business solutions to its clients. EDS founded the information technology outsourcing industry nearly 50 years ago. Today, EDS delivers a broad portfolio of information technology, applications and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries, and to governments around the world.

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/.


EDS and the EDS logo are registered trademarks of Hewlett-Packard Development Company, LP.

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.

HP is an equal opportunity employer and values the diversity of its people. © 2009 Hewlett-Packard Development Company, LP.


Editorial contacts:

Beth Bilal, HP: beth.bilal@hp.com

Gabriela Boff, EDS, an HP company: gabriela.boff@eds.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.