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Oracle and HP launch Financial Services Competency Center

The First Portable Migration and Testing Center Brings Strong Resources and Financial Services Industry Expertise to Customer Sites Offering Unprecedented Service and Support
BAI Retail Delivery Show, ATLANTA, November 7, 2002

Oracle Corporation, the world's largest enterprise software company, and HP (NYSE: HPQ) today announced the formation of a Financial Services Competency Center in New York City. The jointly operated center will bring the porting, testing and migration capabilities onsite to financial services institutions and independent software vendors (ISVs) migrating systems to industry-standard HP ProLiant servers and Oracle9i Real Application Clusters running on, but not limited to, Linux. The Oracle and HP Financial Services Competency Center will include substantial technical resources and financial services specialists from both companies and provide customers with onsite support, helping to ensure the seamless migration to a more robust and scalable infrastructure.

The Oracle and HP Financial Services Competency Center is able to provide testing and porting capabilities either onsite to financial institutions and ISVs or is available in a secure facility hosted by Oracle and HP. By taking the solution to the customer, Oracle and HP provide better customer support and expedite the porting process. Upon completing the migration from other third-party databases to an Oracle9i Database, on industry-standard HP ProLiant servers running Linux, the Linux-trained technical support staff provides educational support to ensure swift implementation and knowledge transfer for the solution deployed. "Our objective is to provide financial services institutions and ISVs with a secure venue and expert resources to test the migration of their data from existing systems to the Oracle and HP solution, thus better preparing them for the actual switch over," said Anthony Fernicola, group vice president and general manager, Oracle Financial Services. "The combined strength and industry expertise of our two companies, along with the unparalleled performance of our product offering, provides the Financial Services industry with a safe path to achieve high performance and scalable infrastructure solutions for their enterprise."

The launch of the Competency Center advances the HP and Oracle alliance to promote Oracle9i Real Application Clusters solutions on Linux. The Linux operating system offers financial services institutions high performance, scalability and reliability at a low cost of ownership. Furthermore, this flexible infrastructure enables companies to integrate business critical information across their organizations and port applications across platforms.

"As the industry record holder for Oracle database clusters on Red Hat Linux with HP ProLiant servers, we are committed to providing our many financial services customers with industry-standard alternative platforms for their business-critical applications," said Drew Caola, vice president and general manager, North America Financial Services, HP. "We have established this new center to make it quick and efficient for businesses to migrate to HP and Oracle solutions and experience superior database performance at a great price."

Institutions and ISVs can find additional information on the Oracle and HP Financial Services Competency Center by contacting Oracle at www.oracle.com/industries/fin_serv or HP at RAC_Contact@hp.com or by visiting the HP booth #1519 at BAI.

About HP

HP is a leading global provider of products, technologies, solutions and services to consumers and businesses. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing. HP completed its merger transaction involving Compaq Computer Corporation on May 3, 2002. More information about HP is available at http://www.hp.com.

About Oracle

Oracle is the world's largest enterprise software company. For more information about Oracle, visit our Web site at www.oracle.com.


Trademarks Oracle is a registered trademark of Oracle Corporation

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.