H-P, BP Sign $400 Million Outsourcing Deal (HPQ, BP)

Hewlett-Packard HPQ signed a deal with BP BP for a five-year outsourcing services agreement worth over $400 million. “By establishing a standardized global operating model, BP will realize immediate cost reductions, improved consistency of service and be well positioned to utilize emerging technologies,” said Dana S. Deasy, group vice president and chief information officer, BP. “A consistent and standardized data center environment enables companies like BP to navigate the many challenges of global operations in the oil and gas industry,” said Mike Nefkens, senior vice president and general manager for Europe, the Middle East and Africa, HP Enterprise Services. “HP's flexible computing capabilities and service excellence can help companies like BP to build an Instant-On Enterprise, in which technology is embedded in everything it does, while achieving their strategic goals.” Shares of HPQ are up 18 cents in early Tuesday trading to $42.07, a gain of 0.4%.