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

PALO ALTO, Calif.--(Business Wire)--
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.

HP
Jean Kondo, +1-408-447-0148
jean.kondo@hp.com
or
Burson-Marsteller for HP
Erin Muhlhan, +1-312-596-3529
erin.muhlhan@bm.com
or
HP Media Hotline, +1-866-266-7272
pr@hp.com
www.hp.com/go/newsroom

Copyright Business Wire 2008