Press Release: October 12, 2010
Topics: Financial

HP Expands Commitment to Malaysia and Global Services with Launch of HP Global Center Cyberjaya

CYBERJAYA, Malaysia -- HP today opened the doors to its state-of-the-art, multipurpose HP Global Center Cyberjaya, representing the largest facility of its kind and the single largest investment by a multinational technology leader in Malaysia.

Built on sustainable design principles, this 60-acre campus represents another investment the company is making to drive strategic growth in Asia. Serving global HP Enterprise Services clients, the center is home to one of six HP Best Shore global delivery hubs and, as part of future investment plans, will house a client-centric HP Next Generation Data Center. Driving HP innovation and addressing internal business needs, this global center also boasts an internal HP Global Application Development and Support Center and a HP Global Finance Center.

Present at the launch was Prime Minister Dato’ Sri Mohd. Najib Abdul Razak. He was joined by Cathie Lesjak, chief financial officer and interim chief executive officer, HP, and Randy Mott, executive vice president and chief information officer, HP.

“The Malaysian government recognizes the immense transformational power of technology and innovation and how it can improve the lives of all Malaysians as we progress on our journey to become a high-income, innovation-led economy,” said Dato’ Sri Mohd. Najib. “We are pleased with the ongoing rejuvenation and growth within the private sector. Today’s launch of the HP Global Center Cyberjaya further enhances the country’s reputation and capabilities to host innovation and knowledge-intensive companies.”

“Malaysia has a vibrant economy with an educated workforce. As a global company operating in more than 170 countries, HP seeks to increase its long-term investments in strong growth markets such as Malaysia to support our continued growth in products and services in the Asia Pacific region,” said Lesjak. “We are honored to contribute toward advancing the Malaysian government’s commitment to building a dynamic, innovation-driven economy.”

The capabilities enabled by the HP Global Center Cyberjaya are expected to help HP’s clients around the world benefit from the breadth and depth of HP’s portfolio. The global center is home to:

  • One of six HP Best Shore hubs that globally deliver applications, infrastructure technology outsourcing and business process outsourcing services, giving clients lower costs, greater flexibility and less risk.
  • One of five internal HP Global Application Development and Support Centers.
  • One of eight internal HP Finance Centers of Excellence serving HP’s internal business analysis and decision support using the latest financial application systems. The Cyberjaya Center of Excellence is the largest HP Finance presence in the world.
  • The latest HP sustainable design principles, including efficient recycling management, water harvesting, the use of environmentally sound building materials and maximum use of natural light.

“Malaysia is important to us as we continue to innovate and transform the global applications that enable HP to serve customers and grow,” said Mott. “This campus is a combination of best-in-class technology, business support and services. With 30 years of solid investment in Malaysia, HP’s clients and employees can look forward to capitalizing on this new campus and all it has to offer.”

HP worked closely with Malaysia’s Multimedia Development Corporation (MDeC) to set world-class standards for information infrastructure in the development of this new global center. HP’s expanded investment in Malaysia, which already boasts three HP offices, is the result of a rapidly growing customer base, Malaysia’s strategic location, supportive government initiatives and the developed high-tech infrastructure of Cyberjaya.

“We share the same pride as HP as we witness the launch of the Global Center. The close relationship we have with HP has significantly contributed to the achievement we see today for HP in Multimedia Super Corridor (MSC) Malaysia. We are happy that HP is committed to their expansion plan and look forward to continue to lend our support,” said Datuk Badlisham Ghazali, chief executive officer, MDeC.

As a global MSC Malaysia Cybercity hub and the preferred location for information and communications technology (ICT), multimedia and services for innovation and operations, Cyberjaya provides HP easy access to a solid ICT resource base, a growing skilled pool of knowledge workers, world-class infrastructure and a strategic location.

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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 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 July 31, 2010 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, 2009. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2010 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. HP shall not be liable for technical or editorial errors or omissions contained herein.

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