Press Release: October 07, 2010
Topics: Environment

HP Named a “Leader” in Magic Quadrant Report for IT Asset Disposition

PALO ALTO, Calif. -- HP today announced it has been recognized as a “leader” in Gartner, Inc.’s inaugural North America Information Technology Asset Disposition (ITAD) Magic Quadrant Report.(1)

The report evaluates best practices in disposing of enterprises’ old or unwanted IT assets, given data-security and environmental (e-waste) concerns. HP’s Asset Recovery Services program is managed by HP Financial Services, the company’s leasing and life cycle asset management services division.

According to Gartner, “ITAD service providers have become an important link in the overall life cycle management of IT equipment. Indeed, the number and complexity of legislative mandates – often country/region specific – that cover the secure and environmentally proper disposal of IT equipment are growing rapidly, and the consequences of non-compliance are quickly gaining board-level attention.”

“Helping clients manage the risk of older or unneeded IT equipment is something we’ve done for years; it’s part of our DNA,” said Irv Rothman, president and chief executive officer, HP Financial Services. “In addition, when older assets can be refurbished and remarketed, we may even be able to provide clients a financial return.”

Last year HP Financial Services managed more than 1.3 million units in secondary markets, including enough notebook PCs to cover more than four football fields – plus end zones.

As an asset management services company, HP Financial Services enables clients to intelligently and economically manage their business technology investments across the full IT portfolio – from planning and acquiring technology to replacing and retiring it.

Gartner’s Magic Quadrant report notes that leaders “execute well against their current robust vision, and are well positioned for the future. The vendors in the Leaders quadrant register the highest scores on Ability to Execute and Completeness of Vision. These vendors have wider geographic coverage, both within North America and globally. Significant weight is placed on geographic coverage through direct, owned and operated facilities (vs. indirect coverage through partners), with special emphasis on North America. While this Magic Quadrant specifically evaluates the North American ITAD marketplace, our research indicates that many North America-based multinational enterprises place significant value on a robust international ITAD presence. Vendors in the Leaders quadrant are also characterized by comprehensive sales organizations, financial stability, a clear and consistent commitment to the ITAD market, comprehensive customer support, broader service portfolios, and larger market presence.”

More information on the HP’s asset recovery services program is available at

About the Gartner Magic Quadrant

The Magic Quadrant is copyrighted 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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 to solve customer problems. More information about HP (NYSE: HPQ) is available at

(1) Gartner, Inc., “Magic Quadrant for North America Information Technology Asset Disposition,” by Robert Schafer, September 30, 2010.

© 2010 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.

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