PALO ALTO, Calif. — (BUSINESS WIRE) — November 4, 2009 — HP (NYSE: HPQ) today announced new products, solutions and services that help organizations drive innovation and rapidly scale up and down to meet changing business needs.

New research conducted on behalf of HP shows that more than 90 percent of senior business decision makers believe business cycles will continue to be unpredictable in the next few years. As a result, 80 percent recognize a need to be far more flexible in their approaches to business and technology.⁽¹⁾

In addition to flexibility, 84 percent of senior business leaders believe innovation will be critical to their organization’s success and 71 percent would sanction more technology investments if they could see how those investments met their organization’s time-to-market and business opportunity needs.⁽¹⁾

“Technology is a fundamental contributor to business innovation,” said Ann Livermore, executive vice president, HP Enterprise Business. “With HP’s portfolio of products, services and solutions, organizations can build technology environments that deliver the outcomes that matter today and tomorrow.”

HP’s new offerings allow organizations to thrive in unpredictability by building technology environments that deliver:

• Line of sight – Enabling improved competitiveness and mitigation of risk through business data management, information governance and business analytics.
• Innovation – Speeding time to market for new goods and services, while simultaneously reducing the cost of lost time, opportunity and effort is achieved through the best use of technology to meet customers’ unique problems.
• Elasticity – Returning to peak form after being compressed or stretched is achieved through a converged infrastructure.

Line of sight

HP Neoview Advantage, the new release of the HP Neoview enterprise data warehouse platform, supports real-time insight and decision making, allowing customers to respond to business events faster. This release offers dramatic improvements in performance, capacity, footprint and manageability. HP Neoview Advantage also is designed to reduce the cost of ownership with industry-standard components and prebuilt, pretested configurations optimized for warehousing.

Innovation

HP helps customers to drive business innovation and create new opportunities. Recently Nissan North America, Sony Ericsson Mobile Communications and Telstra signed multiyear agreements with HP Enterprise Services to assist in achieving their business goals.

Elasticity

HP also announced the HP Converged Infrastructure architecture, which delivers a technology environment that rapidly adjusts to meet organizations’ changing needs. HP Converged Infrastructure addresses IT sprawl, the main cause of technology spend being focused on maintenance instead of innovation. HP Converged Infrastructure enables:

• the ability to more easily deploy application environments through orchestrated, shared service management;
• lower network costs and reduced complexity through a flexible network fabric;
• optimized use through virtual resource pools; and
• improved energy integration and effectiveness across the data center through data center smart grid technology.

In addition, new HP Converged Infrastructure Consulting Services help customers quickly and seamlessly transition from isolated product-centric technologies to a highly flexible converged infrastructure. Built on HP’s deep experience in shared services, cloud computing and data center transformation projects, the new services allow customers to design, test and implement highly scalable infrastructures.

For customers who do not want to build infrastructure themselves, HP Enterprise Services provides a full range of IT outsourcing services to deliver an HP Converged Infrastructure. Organizations can outsource all or part of their infrastructure based on their business needs.

HP also offers flexible financing solutions for customers deploying an HP Converged Infrastructure through HP Financial Services, the company’s leasing and life cycle asset management services subsidiary. HP Financial Services makes it easy for customers to deploy technology that meet their rapidly changing business needs.

Additional resources

More information about HP’s new offerings, including a video from Ann Livermore and customer testimonials, is available at www.hp.com/go/thrivinginunpredictability09.

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP is available at http://www.hp.com.

Note to editors: More news from HP, including links to RSS feeds, is available at http://www.hp.com/hpinfo/newsroom/.

⁽¹⁾ “HP Research: Thrive in Unpredictability,” Coleman Parkes Research Ltd, October 2009.

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 July 31, 2009 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, 2008. HP assumes no obligation and does not intend to update these forward-looking statements.