Press Release: October 01, 2007
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Rabobank Selects HP Neoview, Services for Business Intelligence

HP extends risk management capabilities to financial services customers
PALO ALTO, Calif., Oct. 1, 2007

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HP today announced that Rabobank, a full-range financial services provider, has selected a business intelligence solution from HP in a deal valued at $4.3 million.

Netherlands-based Rabobank, which serves more than 9 million individuals and corporate clients in 38 countries, selected a solution based on HP Neoview, a next-generation data warehousing platform, as well as HP Services. The solution, having already demonstrated improvements in performance and cost, is expected to accelerate Rabobank’s business growth.

“HP has delivered a state-of-the-art solution to meet our business intelligence needs,” said Rik Op den Brouw, senior executive vice president, Information and Communication Technology, Rabobank. “HP Neoview has exceeded our expectations in a joint proof of concept. The first implementation expects to deliver 10 to 20 times the performance we had with competitive offerings.”

Separately, HP announced a new business intelligence solution that enables financial services organizations to better measure risk and improve compliance management processes. Based on HP Neoview, the HP Enterprise Risk Management solution addresses all three pillars of Basel II and aids in the compliance of industry regulations such as Sarbanes-Oxley, International Accounting Standards, Anti-Money Laundering and Know Your Customer.

The HP Enterprise Risk Management solution was developed in collaboration with industry-leading business intelligence software partners Informatica, MicroStrategy and Quadrant. HP has coupled this technology with its business intelligence hardware and services to deliver a broad offering for enhanced data access, governance and data quality management.

The powerful combination of Quadrant’s data model and domain expertise, Informatica’s enterprise-grade data integration and quality tools, and MicroStrategy’s business intelligence platform with advanced dashboarding capabilities allows financial institutions to achieve a comprehensive understanding of risk within every aspect of their business.

“Regulatory compliance is an ever-increasing burden for financial institutions, and one that HP is well-equipped to address,” said Tim Evans, global director, Banking, and chief technology officer, Financial Services Industries, HP. “The HP Enterprise Risk Management solution is designed to use the capabilities of business intelligence to better address these challenges.”

More information about today’s announcements and HP’s presence at SIBOS is available in an online press kit at www.hp.com/go/sibosnews. More information about HP’s business intelligence solutions and HP Neoview is available at www.hp.com/go/bi and www.hp.com/go/neoview, respectively.

About HP

HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $100.5 billion for the four fiscal quarters ended July 31, 2007. 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; 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 the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected results; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2007 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 Oct. 31, 2006. HP assumes no obligation and does not intend to update these forward-looking statements.

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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.