Avnet Receives Business Technology Optimization Award of Excellence from HP.

Avnet Recognized for Increasing the Efficiency of Its Technology Infrastructure with HP Software

PHOENIX -- Avnet, Inc. (NYSE:AVT), a global technology distribution and services company, was recently named the winner of the 2007 HP Business Technology Optimization (BTO) Award of Excellence for Information Technology (IT) Operations. The award recognized Avnet for its use of HP software to support business goals by optimizing its IT infrastructure, and the performance and availability of applications in production.

"Our number one IT goal is to provide Avnet with the infrastructure, systems and support to help the company profitably grow operations around the globe," said Steve Phillips, Chief Information Officer, Avnet, Inc. "By using HP software, we increased our process consistency across Avnet's global IT environment, significantly improving our effectiveness. We are honored to be selected for this award by HP."

Avnet received the award based on its use of products from HP Service Management Center integrated with HP Network Management Center and HP Operations Center to streamline processes for incident, request and change management. Additionally, Avnet leveraged its use of HP management software to provide cost-effective hosted solutions to external customers through Avnet Managed Technologies. Following the process standardization with the HP management software implementation, Avnet increased its uptime on key services and customer satisfaction ratings, plus achieved significant savings in software maintenance fees.

"CEOs are relying on IT more than ever to fuel and enable business agility, growth and success," said Matthew Schvimmer, director, ITSM products, Software, HP. "The BTO Awards recognize and reward innovative companies that are adopting HP's BTO offerings to automate critical IT functions across strategy, applications and operations in order to speed the development and delivery of new business services to meet rapidly changing business needs."

An enterprise distributor for HP, Avnet is one of the world's largest value-added distributors of enterprise computer products, software and services from leading manufacturers. Avnet connects its business partners to new revenue generating opportunities and provides comprehensive value-add services that enable accelerated growth with scalable investments. The company's deep technical expertise, focus on solutions development and dedication to superior customer service, provide a competitive advantage for its business partners.

"This award truly demonstrates Avnet's commitment to HP products and services," said Rick Alvarez, vice president and general manager, HP Business Unit, Avnet Technology Solutions. "We not only distribute HP products, but put them to use in our own day-to-day business and IT operations as well, ensuring we have the systems in place to provide support to our partners at the highest service levels."

About Avnet

With more than 250 locations serving customers in 70 countries worldwide, Avnet markets, distributes and adds value to the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded subsystem providers. Additionally, Avnet brings a breadth and depth of service capabilities, such as supply-chain optimization, logistics solutions, product assembly, device programming, computer system integration and engineering design assistance. For the fiscal year ended July 1, 2006, Avnet generated revenue of $14.25 billion. Visit www.avnet.com/.