Retailigence

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HP Helps Drive IT for Fast-Growing India Retail Leader

Posted by retailigence on September 13, 2008

PALO ALTO, Calif., Sep 10, 2008 (BUSINESS WIRE)  today announced that it has won a financing and asset management services contract from Subhiksha, India’s largest supermarket, pharmacy and telecommunications company and one of the country’s fastest-growing enterprises.

HP and Subhiksha have worked closely over the past year to enhance Subhiksha’s IT infrastructure and help drive the company’s expansion. HP Financial Services, the company’s asset management services and leasing subsidiary, is providing financing for software licenses as well as leasing and asset management services for the IT assets Subhiksha is deploying to expand its technology infrastructure.

“We have been very pleased with the results we have achieved by using HP’s financing and asset management services,” said R. Subramanian, managing director, Subhiksha. “By leasing, we are able to invest effectively in our business growth, confident that we can expand our IT environment as needed and refresh our technology platform in the years ahead as newer, more efficient generations of IT equipment become available.”

Irv Rothman, president and chief executive officer, HP Financial Services, said, “India is a critical market for us and building a strong relationship with leading companies like Subhiksha is key to our growth strategy in Asia.” In addition to facilitating deployment of SAP business enterprise software, HP Financial Services is providing desktop PCs and other IT equipment on lease. Asset upgrades that enhance business productivity, such as those made possible by HP, are vital for any company that relies on the continuity of its online systems.

HP seamlessly refreshes older PCs with new technology, avoiding downtime and disposition-related concerns or costs. As older IT assets are phased out, HP Financial Services manages disposition in an environmentally sound fashion. HP also offers industry-standard software and processes to overwrite disk drives and help safeguard data that may reside on drives or in memory.

HP has been recognized as a certified IT Asset Disposal vendor by IDC, a leading provider of global IT research and advice. HP Financial Services operates centers dedicated to asset disposition in the United States, Germany and the Netherlands, and works with partner organizations in other areas of the world. While IDC’s certification process only considered U.S. operations, HP offers comparable capabilities worldwide.

Sources:- Market Watch

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