Press Release: May 26, 2010
Topics:

RTC Real-Time Center AG Signs Services Contract with HP to Enable Banks to Focus on Better Customer Service and Innovation

HP to establish Banking Service Center, manage core banking solution

PALO ALTO, Calif. -- HP Enterprise Services today announced that RTC Real-Time Center AG (RTC), a Switzerland-based financial services technology provider, has signed an applications and infrastructure services contract enabling RTC to focus on customer service and maintaining costs.


As part of the contract, Hewlett-Packard (Schweiz) GmbH will establish a Banking Service Center in Bern, Switzerland, to support RTC’s financial services customers. The Cantonal Bank of Bern (BEKB | BCBE), RTC’s primary shareholder and customer, will initially be the main bank served from this center.


“In today’s competitive financial services market, it is critical that banks have a flexible, secure and stable technology environment to deliver the innovative products our end customers need,” said Jean-Claude Nobili, chief executive officer, BEKB | BCBE. “This agreement represents a significant commitment to our relationship with HP, which will enable us to leverage HP’s financial services expertise and resources to help increase our market share.”


HP will provide applications development and management for IBIS3G, RTC’s core banking solution. The goal is to improve the application’s performance, quality and reliability while linking service levels to key business performance indicators. HP also will market IBIS3G within the financial services industry across Europe.


Through the Banking Service Center, HP will provide RTC’s current and new IBIS3G customers server management services, including applications hosting services.


“Banks need a reliable technology foundation to expand their capabilities and enhance competitive advantage while reducing risk,” said Mike Nefkens, senior vice president and general manager for the Europe, Middle East and Africa region, HP Enterprise Services. “HP will use its operational excellence and scale to provide a data center plus a core banking solution to enable RTC and its customers to respond to current as well as future needs.”


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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 January 31, 2010 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, 2009. HP assumes no obligation and does not intend to update these forward-looking statements.


© 2010 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.


Editorial contacts:

Clare Loxley, HP: clare.loxley@hp.com

Jennifer Harbour, HP: jennifer.harbour@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.