HP Wins Application Management Outsourcing Deal with German Firm MLP

HP (NYSE: HPQ) 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.