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Amegy Bank of Texas Relies on HP OpenView Software and Services to Support Compliance Efforts

Bank wins industry awards for identity management implementation
PALO ALTO, Calif., June 8, 2005

HP today announced that Amegy Bank of Texas has implemented HP OpenView identity management software and services to manage and automate identity management processes and respond to change in its IT environment.

The largest independent bank in the Houston metropolitan area, Amegy Bank had to address a complex convergence of ever-evolving regulatory compliance, acquisition-related employee additions, and disparate access management and control systems. The company selected the award-winning HP OpenView identity management solutions and HP Services to provide a service-based approach that ensures that identity and access management mirror its business model.

"Because of our aggressive growth, we decided to pursue an identity management framework that would increase agility, control the environment and enhance efficiencies when responding to changes brought on by regulatory compliance, as well as mergers and acquisitions," said Buddy Cox, chief information officer, Amegy Bank. "Amegy's business model is driven by technology, and HP's commitment to make this project a success for Amegy is the cornerstone to our relationship, allowing us to align IT and business with a sharp focus on achieving business goals."

The majority of Amegy Bank's business change is now securely managed by users and administrators of the HP identity management solution, a move which can significantly reduce the cost of IT maintenance and improve overall efficiency.

In fact, Amegy has received two technology industry awards within the last 12 months in the areas of agility and identity management. CIO Magazine named Amegy one of the Top 100 Agile IT organizations. Amegy also received a Digital Identity Industry Award as selected by Digital ID World's advisory board. This award recognizes individuals and organizations that have made a significant contribution (technology, policy or social) to the digital identity industry.

"Throughout the course of this journey to build an Adaptive Enterprise, Amegy has influenced HP to continue to think about how to help our customers better manage IT as a business process or service, and not as a set of technology silos," said Todd DeLaughter, vice president and general manager, Management Software Business, HP. "Our future product introductions around compliance will be based on some of the discovery from the implementation with Amegy."

HP OpenView identity management solutions

To build the identity management framework, HP Services professionals performed a security assessment to select products that map a full range of identity and access control tasks to business processes. For compliance with Section 404 of the Sarbanes-Oxley Act of 2002, which is intended to improve the accuracy and reliability of corporate disclosures, Amegy Bank uses the HP OpenView solution for access authorization tracking and reporting. To help sustain compliance, every event in the system is logged and available for audit.

In addition, HP OpenView Select Identity helps Amegy Bank meet its efficiency and cost reduction goals by enabling self-service password reset and automatic provisioning of new employees, accomplishing in hours what used to take seven to 10 days. The HP identity management solution is complemented with HP OpenView Select Access, which supports the entire identity management lifecycle with technology that easily deploys and manages secure user access to network and enterprise resources.

The implementation of HP OpenView identity management solutions follows Amegy's success using the HP OpenView Change and Configuration Management solution to automatically assure that more than 2,000 PCs and servers remain configured precisely as prescribed by policy.

HP has an extensive track record of using open standards and customer-proven blueprints to solve specific financial industry compliance challenges. Every year, on a worldwide basis, HP banking solutions support more than 80 percent of all A™ transactions, 66 percent of all credit card transactions, 75 percent of electronic funds transfers and 95 percent of all equities transactions.

More information about how HP banking solutions help customers improve risk management by enabling security and access controls is available at http://www.hp.com/go/fsi. More information about HP OpenView management software is available at http://www.hp.com/go/managementsoftware.

About Amegy Bank

Founded in 1990, Amegy Bank is one of the fastest growing banks in Texas and is the largest independent bank in Houston. With little more than $50 million in assets and one location 15 years ago, the bank now has more than $7 billion in assets and more than 75 full-service banking centers in the Houston and Dallas metropolitan areas. Today, Amegy Bank is among the top 100 banks in the United States based on deposits and has been recognized for the last three years as one of the nation's best performing banks over a 10-year period for growth in earnings per share.

Amegy Bank offers a broad range of commercial, treasury management, private and retail banking services to small- and middle-market businesses and individuals. With $100 million of lending power, Amegy Bank is positioned as the premier middle-market lender in its market area.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended April 30, 2005, HP revenue totaled $83.3 billion. More information about HP (NYSE, Nasdaq: 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 the expected development, performance or rankings of products or services; statements of expectation or belief; and any statement of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the development, performance and market acceptance of products and services and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to HP's Quarterly Report on Form 10-Q for the fiscal quarter ended Jan. 31, 2005, and other reports filed after HP's Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2004. HP assumes no obligation and does not intend to update these forward-looking statements.

About HP

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