Press Release: July 06, 2009
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American Express Taps EDS, an HP Company, for Enhanced IT Services, Lower Costs

PLANO, Texas, July 6, 2009

EDS, an HP company, today announced a five-year technology services agreement with American Express.

Initial implementation of the infrastructure services agreement, which was signed in December 2008, has been completed without business interruption to American Express employees and customers.

“Our goal is to drive American Express’ growth, innovation and customer service using secure technology that enables a more productive, efficient and collaborative workplace,” said Matthew Robinson, chief technology officer, American Express. “Our partnership with EDS will enable us to do this while continuing to decrease operating costs.”

Under the agreement, EDS is managing the American Express end-user desktop computing environment and its global voice and data networks. In addition, EDS will provide on-site services for about 60,000 employees in more than 130 countries around the world.

“American Express was looking for a partner to manage and transform its technology environment for better business outcomes,” said Mark DeBenedictus, vice president of Financial Services at EDS, an HP company. “To do this, we’re combining EDS’ financial services industry knowledge with workplace and network services expertise.”

EDS 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 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

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.