PALO ALTO, Calif.--(BUSINESS WIRE)--Nov. 12, 2007--HP (NYSE:HPQ)
today announced that it has signed a definitive agreement to acquire
EYP Mission Critical Facilities Inc. (EYP MCF), a consulting company
specializing in strategic technology planning, design and operations
support for large-scale data centers.
By acquiring EYP MCF, HP will be better able to help customers to
transform their data centers, optimize energy efficiency and position
them for future business growth. Financial terms of the transaction
were not disclosed.
Headquartered in New York, EYP MCF has approximately 350 employees
with 13 offices in the United States and the U.K. The firm provides
mission-critical services to enterprises around the world in business
sectors including financial services, telecommunications, technology,
broadcast, manufacturing and healthcare, as well as numerous federal,
state and county government agencies.
From data centers and command and control centers, to trading
floors and supercomputing sites, EYP MCF has designed hundreds of
technology-intensive, high-performance facilities where monitoring,
operational and energy efficiencies are top-priority business
requirements.
EYP MCF's capabilities -- particularly its expertise in
energy-efficient operations -- complement HP's extensive Data Center
Services and cost-saving power and cooling solutions, such as Dynamic
Smart Cooling (http://www.hp.com/go/dsc).
"The data center is the foundation of IT for enterprises, an
essential building block for driving business growth and adapting to
changing business objectives," said John McCain, senior vice president
and general manager, HP Services. "Acquiring EYP Mission Critical
Facilities boosts HP's ability to help customers transform their data
centers and build dynamic computing environments from the ground up."
Peter Gross, chief executive officer of EYP MCF, said, "Worldwide
data center requirements are rapidly growing, with significant
year-over-year increases in power consumption, which is fueling demand
for energy-efficient power and cooling strategies. HP and EYP Mission
Critical Facilities will drive innovation by integrating IT
infrastructure into the planning and design of the data center,
enabling the customer's whole organization to be more energy efficient
and adaptive."
The transaction is subject to certain closing conditions and is
expected to be completed within HP's first fiscal quarter.
Media teleconference
HP will hold a media teleconference to discuss the announcement at
7:15 - 7:45 a.m. PT today.
Dial-in number: +1 877 268 9324.
Conference ID: 24256919.
A replay of the call will be available later in the day.
About EYP Mission Critical Facilities, Inc.
EYP Mission Critical Facilities, Inc. (www.eypmcf.com) is a
consulting firm whose unique approach to achieving clients'
energy-efficient operational continuity is based upon the integration
of strategic technology planning, innovative design and on-site
support. Through developing proprietary products and processes,
authoring technical white papers, and presenting at international
conferences, EYP MCF is recognized as a worldwide thought leader in
the mission-critical industry.
About HP
HP focuses on simplifying technology experiences for all of its
customers -- from individual consumers to the largest businesses. With
a portfolio that spans printing, personal computing, software,
services and IT infrastructure, HP is among the world's largest IT
companies, with revenue totaling $100.5 billion for the four fiscal
quarters ended July 31, 2007. More information about HP is available
at www.hp.com.
Note to editors: More news from HP, including links to RSS feeds,
is available at www.hp.com/hpinfo/newsroom/.
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 the expected benefits and costs of the transaction;
management plans relating to the transaction; the expected timing of
the completion of the transaction; any statements of expectation or
belief; and any statements of assumptions underlying any of the
foregoing. Risks, uncertainties and assumptions include the
possibility that expected benefits may not materialize as expected;
risks related to the timing or ultimate completion of the transaction;
and other risks that are described in HP's Quarterly Report on Form
10-Q for the fiscal quarter ended July 31, 2007 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 Oct. 31,
2006. HP assumes no obligation and does not intend to update these
forward-looking statements.
(C) 2007 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.
CONTACT: HP
Emily Neumann, +1 310-921-3063
emily.neumann@hp.com
or
HP Media Hotline
+1 866-266-7272
pr@hp.com
www.hp.com/go/newsroom
SOURCE: HP
