Press Release: December 02, 2003
Topics:

HP Integrity Servers Delivers Performance and Scalability to Premier Financial Services Institutions

Leading financial institutions rely on HP Integrity servers based on Intel Itanium 2 processors to maximize business continuity and enhance server performance
PALO ALTO, Calif., Dec. 2, 2003

Customer adoption of 64-bit Intel® Itanium® 2-based HP Integrity servers continues to grow with the deployment of the servers in several prominent financial institutions across the globe. HP Integrity servers meet financial services customer challenges head-on by substantially increasing performance, inducing cost reduction due to an industry-standard system, and heightening scalability that contributes to improved client service.

The following U.S.-based financial services companies are among those migrating to the HP Integrity platform: Chicago Mercantile Exchange, CitiStreet, First American, First Trust and Raymond James. International financial services companies that have deployed HP Integrity servers include: Banksys (Belgium), Denizbank (Turkey) and ING Mexico.

Mission-critical applications and minimized server downtime are crucial for the financial services industry, which handles millions of dollars worth of customer transactions every day. Financial firms rely on superior disaster-recovery capabilities, comprehensive scalability and high availability to remain competitive.

Ranging from one- and two-processor entry-level systems up to a 64-processor HP Integrity Superdome server, the HP Integrity server line offers customers an unmatched cost-efficient, high-performance, multi-operating system infrastructure required for today's adaptive enterprises.

First Trust Corporation, one of the nation's largest independent trust companies for self-directed retirement plans, has deployed a cluster of Itanium 2-based HP Integrity rx2600 servers to deliver state-of-the-art equity and mutual fund transactions. The server cluster, running the Linux operating system, has optimized performance by executing a 99.99 percent uptime and a threefold performance improvement over the previous IBM AIX RISC-based transactions.

CitiStreet, one of the leading global benefit providers and the nation's second largest retirement plan recordkeeper, has migrated to an HP Integrity Superdome server running HP-UX 11i.

Raymond James, one of the largest financial services firms in the United States with more than 5,000 financial advisors, has migrated to an HP Integrity Superdome server running Microsoft® Windows® Server 2003 Datacenter Edition and Microsoft SQL Server Enterprise Edition.

Banksys, the company that created the Belgian debit card system, has deployed an HP Integrity Superdome system to ensure the most optimized platform to perform their financial services applications, which total more than 25 million transactions per month.

Due to the ever-changing nature of business, the HP Integrity platform offers a dynamic and adaptive choice for forward-looking companies.

"As a company in the competitive benefits space, CitiStreet must respond quickly to ever-changing client needs. We are migrating from our mainframe systems to HP Integrity Superdome systems based on the Intel Itanium 2 processor running HP-UX 11i to increase our agility, reduce costs and accommodate growth," said Barry Strasnick, chief information officer, CitiStreet. "We anticipate a twofold performance increase and the scalability we need, as well as the ability to make changes quickly to meet market and client demands. CitiStreet anticipates that HP systems based on Intel Itanium 2 processors will be a valuable strategic advantage."

The Intel Itanium 2 processor set allows companies to use industry-standard software, solutions and components, which provide increased performance and help drive down costs.

All of the top HP applications software solution partners and leaders in the software industry have committed major application suites to the HP Integrity server line and are already porting applications. Today, there are more than 1,000 applications available for HP-UX, Linux and Microsoft Windows Server 2003. In addition, hundreds of OpenVMS applications are expected by mid-2004.

"Factoring in both hardware and software licensing costs, HP and Intel on Linux provided by far the best price-to-performance ratio," said Jeff Knight, vice president of technology and vendor relations, First Trust. "The HP Integrity server with the Intel Itanium 2 processor provided us with substantial cost advantages and a cutting-edge transaction processing system that helps First Trust to be competitive."

HP is the industry leader in Itanium 2 architecture and offers the most comprehensive portfolio of Itanium solutions for the enterprise.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing. For the fiscal year ending on Oct. 31, 2003, HP revenue totaled $73.1 billion. More information about HP is available at www.hp.com.


Intel and Itanium are registered trademarks of Intel Corp. or its subsidiaries in the United States and other countries. Microsoft and Windows are U.S. registered trademarks of Microsoft Corp.


This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they ever materialize or prove incorrect, could cause the results of HP and its consolidated subsidiaries to 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. Risks, uncertainties and assumptions include the possibility that the proposed contract may not be entered into on the terms or within the timeframe currently contemplated or at all; that the market for the sale of certain products and services may not develop as expected; that development and performance of these products and services may not proceed as planned; any statements of belief; any statements of assumptions underlying any of the foregoing; and other risks that are described from time to time in HP' s Quarterly Report on Form 10-Q for the period ended July 31, 2003 and HP' s other Securities and Exchange Commission reports filed after HP' s Annual Report on Form 10-K for the fiscal year ended October 31, 2002. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, HP's results could differ materially from HP's expectations in these statements. HP assumes no obligation and does not intend to update these forward-looking statements.


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.