HP Applications Rationalization Services Help Enterprises Drive Innovation Offering enhanced with HP Application Portfolio Management software

HP Enterprise Services today announced an enhanced service to help enterprises drive innovation by assessing, transforming and optimizing their applications portfolios.

Virtually every employee, process and transaction in an enterprise depends on an application. As a result, many enterprises have a complex application environment that has grown unabated, both organically, as well as through mergers and acquisitions. This increasing complexity has led to change resistant applications and high maintenance costs that consume much of the applications budget.

HP Applications Rationalization services help enterprises fully understand their applications portfolio and create an applications transformation roadmap along with its supporting business case. The services build a complete applications inventory and identify duplicate and redundant capabilities. In addition, they also define each application’s strategic value to the enterprise, its operational impact and its total cost.

These services have been enhanced to include new HP Application Portfolio Management (APM) software, initially available only through this service. APM, is designed to track and manage the dispersed applications data found in complex technology environments. With APM, enterprises can manage their applications initiatives, track the performance and efficiencies of each application, as well as improve ongoing management of the portfolio.

HP Applications Rationalization services can identify modernization projects to help reduce applications, infrastructure and related costs. These savings can be used to self-fund the transformation and drive innovation for future growth.

HP Applications Rationalization services also use HP Visual Intelligence Tools to provide complete visibility into an application and identify transformation opportunities. The portfolio is then mapped to clients’ business strategies and technology objectives to develop their unique applications transformation roadmap. This provides individual action plans for each application based on cost, risk, quality, complexity, value and age.

“Applications play a key role in delivering innovation, which is critical to the success of the enterprise,” said Marshal Correia, Director, Enterprise Services, HP India. “HP has the expertise and tools to help clients understand what is in their portfolio, then reduce the number and complexity of applications to lower costs, freeing up resources for innovation and new projects.”

HP transforms applications and processes designed for another era to help clients create their own Instant-On Enterprise.

HP Applications Rationalization services are available worldwide to clients in all industries and government agencies. The enhanced services using the new Application Portfolio Management software are expected to be available in May. More information is available at www.hp.com/go/applicationmodernization.

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 at the convergence of the cloud and connectivity, creating seamless, secure, context-aware experiences for a connected world. More information about HP (NYSE: HPQ) is available at http://www.hp.com.

(1) “The State of Innovation,” research by Burson-Marsteller on behalf of HP, March 2011.

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 competitive pressures faced by HP’s businesses; the development and transition of new products and services (and the enhancement of existing products and services) to meet customer needs and respond to emerging technological trends; 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, 2011 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, 2010. HP assumes no obligation and does not intend to update these forward-looking statements.