HP Launches New Investment Solution Suite for Service Providers

HP Launches New Investment Solution Suite for Service ProvidersNew suite helps global service providers grow business and capitalize on New Style of IT

PALO ALTO, Calif., March 10, 2015 HP today announced a new investment solution growth suite from HP Financial Services (HPFS) specifically designed for service providers and the evolving needs of their business.

Over the next two years, over 60% of companies will stop managing most of their IT infrastructure, relying on advanced automation and qualified service partners to boost efficiency and directly tie datacenter spend to business value, said Richard Villars, vice president, IDC's Datacenter and Cloud practice. Service providers, will need to step up and become experts at datacenter operations and deployment.

To effectively manage the change the New Style of IT necessitates, service providers will have to take a new approach, one that can support the need to create solutions that generate new revenue sources and quickly upgrade technology essential for business growth.

Focused on enabling growth, the new HP Service Provider Growth Suite1 helps enhance business flexibility essential for creating and delivering sustainable new services that meet evolving technology needs. The new suite helps global service providers:

Convert existing IT equipment from an ownership to a flexible usage model and create the investment capacity to quickly build innovative new offers and respond to evolving customer needs with HP Accelerated Migration to cloud.

Establish an asset lite environment and support ongoing modernization efforts with flexible investments solutions that support the full IT lifecycle. Service providers can now better align costs to recurring revenue streams and leverage lifecycle refresh, trade in, duel usage and transition capabilities to help facilitate the transformation they have underway.

Take immediate delivery of equipment and rapidly scale technology but only pay when it's deployed and activated though the HP Pre-Provisioning Solution.

Service providers have a window of opportunity to deliver new solutions and services to customers who are looking to take advantage of the New Style of IT today, said Irv Rothman, CEO, HP Financial Services. We are committed to working alongside them to help build an investment strategy that will enable their go-to-market motion and deliver the technology and financial flexibility required to drive business growth.

(1) Financing and service offerings available through Hewlett-Packard Financial Services Company and its subsidiaries and affiliates (collectively HPFSC) in certain countries and is subject to credit approval and execution of standard HPFSC documentation. Rates and terms are based on customer's credit rating, offering types, services and/or equipment type and options. Not all customers may qualify. Not all services or offers are available in all countries. Other restrictions may apply. HPFSC reserves the right to change or cancel this program at any time without notice.

This news release may contain forward-looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of HP and its consolidated subsidiaries may 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 any projections of revenue, margins, expenses, HPs effective tax rate, earnings, net earnings per share, cash flows, benefit plan funding, share repurchases, currency exchange rates or other financial items; any projections of the amount, timing or impact of cost savings or restructuring charges; any statements of the plans, strategies and objectives of management for future operations, including the execution of restructuring plans and any resulting cost savings or revenue or profitability improvements; any statements concerning the expected development, performance, market share or competitive performance relating to products or services; any statements regarding current or future macroeconomic trends or events and the impact of those trends and events on HP and its financial performance; any statements regarding pending investigations, claims or disputes; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the need to address the many challenges facing HPs businesses; the competitive pressures faced by HPs businesses; risks associated with executing HPs strategy and plans for future operations; the impact of macroeconomic and geopolitical trends and events; the need to manage third party suppliers and the distribution of HPs products and services effectively; the protection of HPs intellectual property assets, including intellectual property licensed from third parties; risks associated with HPs international operations; 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 suppliers, customers, clients and partners; the hiring and retention of key employees; integration and other risks associated with business combination and investment transactions; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP's Quarterly Report on Form 10-Q for the quarter ended April 30, 2014 and HP's other fil

LINK:	http://www8.hp.com/us/en/hp-news/press-release.html?id=1928382...
	See more stories from hp

Most recent headlines