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HP Introduces New Software, Services to Help Companies Get More Value From IT Investments

July 22, 2008

HP (NYSE:HPQ) today announced new solutions that help chief information officers (CIOs) prioritize and align their IT investments to deliver better business outcomes.

Part of the broader HP Business Technology Optimization (BTO) software portfolio, the new release of HP Project and Portfolio Management (PPM) Center 7.5 delivers integrated IT management capabilities that span project and portfolio management, application lifecycle management and IT service management.

To help CIOs get the visibility they need to better track and manage their technology investments across their IT organizations, HP delivers new integrations between HP PPM Center 7.5 and the following BTO software:

— HP Service Management Center – provides a service-based approach to managing the business of technology. Stakeholders gain visibility through a single, integrated system that provides real-time transparency at any stage of the request process.

— HP Quality Center – delivers a “quality organization in a box,” enabling companies to build and support a quality assurance center of excellence with HP Center Management for Quality Center software.

— HP Universal Configuration Management Database (CMDB) – lowers business risk by managing the impact of changes and defining which configuration items will be affected earlier in the change lifecycle process.

“CIOs often have difficulty tracking investments to demonstrate business value due to ill-defined checks and balances and unclear results, putting IT organizations in a vulnerable position,” said Ken Cheney, director of products, Project and Portfolio Management Center, HP. “HP’s powerful BTO portfolio enables CIOs to deliver credibility, competency and contribution, which are key to demonstrating value to the business.”

Key enhancements to HP PPM Center include:

— Automated workflows, improved team collaboration tools and tighter integrations with existing Microsoft(R) Project deployments. This increases end-user productivity and accelerates customers’ time to value.

— Demand management, portfolio management, resource management, project management and time management module enhancements based on customer input.

— Advanced configuration capabilities to drive immediate productivity while reflecting organizational processes and structures.

— New project management and demand management e-Learning End-User Training (EUT) courses, offered by HP Software Education Services, to increase end-user adoption and satisfaction.

— Enhanced offerings from HP Software Professional Services, including QuickStarts, Blueprint and Implementation Review services, to help customers identify the right starting point, sustain implementation momentum and achieve rapid return on their investment in HP PPM Center.

“As a FORTUNE 125 company and one of the nation’s largest wholesale power sellers, Constellation Energy requires strict focus on operating efficiencies to help drive long-term growth and remain competitive,” said Jeff Johnson, vice president, Infrastructure, Constellation Energy. “HP is an important technology partner, offering us an integrated platform that provides complete cradle-to-grave management of the services IT delivers to the business. HP’s lifecycle approach helps our entire IT organization automate disparate functions in order to align IT investments to strategic goals, while reducing cost and risk to the business.”

In a recent Economist Intelligence Unit survey(1) of 1,125 IT leaders worldwide, a majority of respondents stated IT integration would assist them in improving business results the most. Additionally, 80 percent of respondents agreed that automation of IT functions frees up time and resources for innovation.

HP PPM Center helps IT to better support key business technology initiatives – including deploying service-oriented architectures, multi-vendor outsourcing, data center consolidation, and compliance – by reducing redundant activities, creating better visibility and providing flexible processes between technology silos.

In addition, it supports Information Technology Infrastructure Library (ITIL) v3 and other process improvements for application upgrades and application portfolio rationalization.

According to Forrester Research, “HP’s Business Technology Optimization (BTO) software offering makes the vendor particularly well positioned to offer an integrated IT management solution. … This means that the product is an especially good fit for buyers that: intend to get a handle on all of IT spend and want the option of a full-service PPM solution to complement the software.”(2)

HP PPM Center is offered as either an in-house deployment or via HP Software as a Service (SaaS) (http://www.hp.com/go/saas). Other HP SaaS offerings include HP Quality Center, HP Service Manager, HP Performance Center, HP Application Security Center and HP Business Availability Center.

About HP

HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $110.4 billion for the four fiscal quarters ended April 30, 2008. More information about HP is available at www.hp.com.

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

(1) Survey by the Economist Intelligence Unit of 1,125 IT professionals based in the Americas, Europe, the Middle East and Asia-Pacific June 2008.

(2) “The Forrester Wave: Project Portfolio Management Tools, Q4 2007,” Lewis Cardin, December 2007.

Microsoft is a U.S. registered trademark of Microsoft Corporation.

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; 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 the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected results; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2008 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, 2007. HP assumes no obligation and does not intend to update these forward-looking statements.

(C) 2008 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.




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