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General Motors Renews $2 Billion HP Enterprise Services Agreement Supporting Vehicle Design and Production

^{Published on 2010-07-21 04:55:50 - Market Wire}
 

PALO ALTO, Calif.--([ BUSINESS WIRE ])--HP Enterprise Services today announced it has been awarded a multiyear applications and infrastructure services contract valued at more than $2 billion to help General Motors Company maintain focus on its business goals in a highly competitive market.

"GMa™s innovative business and in-vehicle technology strategy requires collaborative, cost-effective approaches so we can provide even better service to our customers as we design, build and sell the worlda™s best cars and trucks"

Under the terms of the agreement, HP (NYSE:HPQ) will manage GMa™s technology infrastructure with a focus on providing an enhanced and continuously improving world-class end-user experience a" from manufacturing plants to the boardroom. HP will provide network, workplace, mainframe management, applications and systems integration services for GMa™s global operations, including OnStar.

The new agreement covers a significant portion of HPa™s existing work with GM. It also renews the contract one year early and extends the two companiesa™ 25-year relationship.

aGMa™s innovative business and in-vehicle technology strategy requires collaborative, cost-effective approaches so we can provide even better service to our customers as we design, build and sell the worlda™s best cars and trucks,a said Terry Kline, vice president, IT, and chief information officer, GM. aHP has been one of our most long-term, reliable partners with a team that has the expertise and creativity to help us quickly and successfully complete new phases of our business strategy.a

HP will provide applications and infrastructure management services in support of tens of thousands of desktop PCs and mobile devices as well as GMa™s manufacturing and supply chain operations. Services include:

• Providing [ applications development ] and [ management ] services for product development, manufacturing, business services, supply chain, OnStar and more.
• Integrating a converged infrastructure and overall technology roadmap that supports GMa™s multisupplier technology environment.
• Providing [ managed mainframe services ] for GMa™s major business systems, including financial transactions and supply chain.
• Delivering HP global [ service desk and site support services ] in more than 50 countries and languages.
• Providing total remote network management for data, network security and videoconferencing services.

aThe automotive industry is in the midst of a transformation and GMa™s technology infrastructure needs to be hitting on all cylinders to take full advantage of the potential market opportunities,a said Tom Iannotti, senior vice president and general manager, HP Enterprise Services. aHP has a track record of outstanding service to GM that we will continue to deliver to help GM realize their business objectives.a

HP [ Agility Alliance ] partners, including Microsoft and PricewaterhouseCoopers, will provide additional tools, technologies and resources to HP in support of GM.

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The worlda™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 ].

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, includingbut 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 HPa™s Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2010 andHPa™sother filings with the Securities and Exchange Commission, including but not limited to HPa™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.

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