Press Release: August 17, 2009

HP Wins Application Management Outsourcing Deal with German Firm MLP

PALO ALTO, Calif., Aug. 17, 2009

HP today announced a six-year applications management outsourcing deal with MLP, an independent financial services and wealth management consulting company in Germany, that will enable MLP to increase business development.

The agreement reduces MLP’s financial risk by offering pay-per-use pricing and increases the company’s flexibility to respond to changing business priorities with adjustable service levels. In addition, HP will help MLP reduce costs by standardizing technology processes and leveraging a global delivery model.

MLP also extended its existing infrastructure technology agreement for management of three data centers, network devices, distributed servers, Lotus Notes messaging and end-user PCs to 2015.

Under the new applications management contract, HP will manage key applications that support sales, customer service and the design of new products. These include MLP’s SAP applications and the customer relationship management that is part of its broker platform, as well as its business intelligence, document management and custom JavaTM applications. Additionally, HP will be responsible for the complete life cycle management of the applications, from development to implementation, including quality assurance and operations.

“With the new contract, we are able to focus our IT assignments close to the core of our businesses,” said Klaus Strumberger, chief information officer, MLP. “Thanks to the modularity and flexible pricing of these services, we will be able to reduce risk while improving our ability to adapt to changing business needs.”

HP’s current infrastructure agreement is based on the concept of utility pricing, where services are bundled and invoiced on a pay-per-use model. This same model will be used for the applications management deal. This will allow MLP to quickly scale infrastructure and applications up or down to meet changing business requirements.

“In order to shift its focus and resources to more strategic innovation, MLP needed technology as a service,” said Bill Thomas, senior vice president and general manger of the Europe, Middle East and Africa region at EDS, an HP company. “This new applications management agreement delivers an end-to-end solution enabling MLP to simplify its technology operations and realize a higher return on its investments.”

About MLP

MLP is the leading independent financial and investment adviser for academics and other discerning clients. The company integrates a multitude of products and services of various banks, insurance and investment companies to offer a financial concept that is tailored to the requirements of each individual client. MLP clients benefit from a holistic advisory approach covering all economic aspects that is guided by their particular requirements at their respective stages in life. MLP has around 250 branches in Germany, where around 2,400 consultants support and advise 780,000 clients. MLP holds a full banking licence and together with the MLP Group company Feri Finance AG, manages assets of around 12 billion Euro – making the company the leading independent asset-gatherer in Germany.

About HP

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