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HP Introduces New Management Software and Services to Extend Control of the Adaptive Enterprise; HP OpenView Solutions for Managing Compliance and Service-Oriented Architectures Reduce Costs and Minimize Risk for Businesses.

DENVER -- HP (NYSE:HPQ) (Nasdaq:HPQ) today introduced two innovative software products that help enterprises extend control over their business operations and information technology.

Combined with HP professional services, the new HP OpenView management solutions help customers both comply with government regulations and manage the delivery of IT services using service-oriented architectures (SOAs), which use industry standards and specific design and architectural principles to provide application services.

New HP OpenView Compliance Manager software automates and continuously monitors internal controls and manages business processes while efficiently adhering to compliance regulations, such as the Sarbanes-Oxley Act of 2002, which is intended to improve the accuracy and reliability of corporate disclosures. The software provides a comprehensive dashboard view for chief information officers to assess and address areas of emerging IT compliance risk.

New HP OpenView SOA Manager software provides the controls enterprises need to successfully deliver IT as a service using service-oriented architectures. HP is one of the industry's first vendors to offer the two most critical elements for using an SOA to run IT as a business: management software and professional consulting services. HP Consulting and Integration services experts will leverage HP OpenView SOA Manager to ensure successful development, deployment and management of SOAs for customers.

"With HP OpenView management solutions for the Adaptive Enterprise, CIOs have more control over their IT organizations and assets, enabling them to run IT as a business," said Todd DeLaughter, vice president and general manager, Management Software Business, HP. "We are now taking this critical control point a step further into the areas of compliance and SOAs with new, comprehensive solutions that tightly integrate management software and professional services. Customers will benefit from reduced IT costs, increased flexibility and efficiency, and alleviated risk."

The new software and additional products and services were launched at the HP Software Forum, HP's annual event for customers to learn more about HP's Adaptive Enterprise strategy in which an organization's business and IT are synchronized to capitalize on change. More information on the forum, which runs through June 10, is available in an online press kit at

Achieving sustained compliance

According to AMR Research, Sarbanes-Oxley compliance spending in 2005 will reach $6.1 billion, with 28 percent allocated to technology spending and a further 29 percent allocated to external consulting.(1)

To meet the continuing challenge of compliance, enterprises need to shift their focus from a "once and done" mindset to one of sustained compliance. To that end, HP offers a broad portfolio of management solutions and services for identifying, assessing and alleviating IT risk, as well as satisfying the auditing needs around attesting to the effectiveness of IT controls.

"Because of the enterprise-wide visibility and control currently offered by HP OpenView solutions, we believe HP can uniquely provide comprehensive oversight of internal IT controls for improved efficiency and risk mitigation," said Cindy Davis, vice president, Information Risk Management, Amegy Bank. "We'd expect that HP OpenView Compliance Manager will reduce audit costs, improve efficiency and enhance agility through sustained compliance, which is good business sense!"

HP OpenView Compliance Manager continuously monitors internal controls of key business processes and their supporting applications and infrastructure to measure effectiveness and mitigate risk. To provide an ongoing and historical aggregate view of the effectiveness of IT control and risk management across the entire infrastructure, HP OpenView Compliance Manager leverages the broad portfolio of HP OpenView solutions -- including those focused on identity management, IT service management, application and infrastructure availability, change and configuration management, business/financial process management and information lifecycle management.

To help customers further, HP Services professionals offer a portfolio of services and solutions for addressing the broad range of compliance and IT governance requirements, especially in the areas of business process management, IT service management, security, business continuity and availability and disaster recovery.

Controlling service-oriented architectures

Gartner estimates that by 2009, service-oriented application development will be the dominant way to develop software, used in more than 80 percent of new application projects.(2) With HP's heterogeneous approach to designing, deploying and managing IT infrastructures and its leading integration technology partners, the company helps customers implement SOAs into their diverse environments.

"The greatest value for service-oriented architectures is the ability to dynamically react to changes in the business," said Judith Hurwitz, president, Hurwitz & Associates. "The tight integration of HP OpenView SOA Manager with HP Services will help customers move to implement a manageable SOA environment more quickly."

HP OpenView SOA Manager helps deliver business agility by allowing IT to define, manage and integrate the lifecycle of business services in order to achieve better linkages between business and IT. Available immediately, the solution is designed to enable customers to realize the benefits of an SOA, such as faster time to market, increased IT responsiveness to business needs, reduced IT costs and increased IT staff productivity.

Unlike products from other vendors, HP OpenView SOA Manager goes far beyond simple web services management to create a closely knit value chain of business and IT resources, so that products are provided in an efficient and timely manner to either internal or external customers.

HP OpenView SOA Manager creates and maintains a model that facilitates security, provisioning, version control, monitoring and reporting of all of an enterprise's SOA-based services. The solution easily integrates with other management capabilities by using a plug-and-play architecture to leverage investments in existing tools.

To help customers implement SOAs successfully, HP has more than 5,000 global consulting and integration specialists with experience in J2EE, .NET and Open Source middleware platforms.

More information about HP OpenView management software is available at

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended April 30, 2005, HP revenue totaled $83.3 billion. More information about HP is available at

(1) Data based on AMR Research, "Final SOX 2005 Spending Forecast: $6.1B," J. Hagerty, F. Scott, Dec. 16, 2004.

(2) Data based on Gartner, "Positions 2005: Service-Oriented Architecture Adds Flexibility to Business Processes," S. Hayward, Feb. 16, 2005.

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 development, performance or rankings of products or services; statements of expectation or belief; and any statement of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the development, performance and market acceptance of products and services and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to HP's Quarterly Report on Form 10-Q for the fiscal quarter ended Jan. 31, 2005, and other reports filed after HP's Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2004. HP assumes no obligation and does not intend to update these forward-looking statements.

(C) 2005 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
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Publication:Business Wire
Geographic Code:1USA
Date:Jun 6, 2005
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