HP and Telecom Italia to Offer End-to-End Cloud Transformation for Italian Enterprises and Government Sector

December 3, 2014 • Press Release

Agreement Enables Organizations Across Italy to Embrace the New Style of IT Based on Hybrid Cloud Infrastructure With High Security and Optimized Costs

BARCELONA, SPAIN--(Marketwired - Dec 3, 2014) - HP (NYSE: HPQ) and Telecom Italia today announced a commercial agreement which will enable large enterprises and the government sector in Italy to increase efficiency by embracing the New Style of IT. Together, the two companies will offer integrated end-to-end cloud transformation services to drive business growth, agility and competitiveness.

Under the agreement, customers will be able to leverage the assets of both HP and Telecom Italia for end-to-end management of their cloud transformation, from initial assessment and definition of business case to transformation of IT, applications and business processes. Advanced technologies and hybrid cloud infrastructure will provide Italian customers with secure access to platforms and applications on a private cloud or as-a-service basis.

"Traditional IT infrastructures don't have the capabilities and bandwidth to handle growing levels of information and demandso organizations need to move to the New Style of IT where cloud delivers round-the-clock connectivity," says Marten Mickos, Senior Vice President and General Manager, Cloud, HP. "The combined expertise of HP and Telecom Italia will provide organizations with integrated, proven capabilities that can deliver successful cloud transformations. Migrating from traditional monolithic IT architectures to secure, flexible hybrid cloud infrastructures based on HP Helion technology will reduce customer costs and enable anytime, anywhere access to data, applications and tools."

"The cloud is a critical factor in enabling the digitalization processes necessary for the growth and development of Italy's national economic system," says Simone Battiferri, Business Director, Telecom Italia. "Thanks to this partnership with HP Telecom Italia broadens its cloud value proposition for companies and government and enriches its Nuvola Italiana's infrastructure through the adoption of a further, new technology."

HP will provide a complete assessment of customer needs, support migration to a Virtual Private Cloud environment with innovative, open standards-based technologies, and offer specialist professional and technology consulting services.

Telecom Italia will contribute its proven expertise in managed data center services, and will support customers' journey towards cloud adoption with its project management skills and end-to-end management of the full service stack.

Located throughout the country, Telecom Italia's seven data centers are integrated into the telecommunications networks and sustained by the most advanced technologies, ensuring secure retention of data in-region.

HP and Telecom Italia are also collaborating on the Cloud28+ initiative, which aims to drive cloud adoption, increase European revenue and create new employment opportunities while safeguarding European data.

About HP
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. With the broadest technology portfolio spanning printing, personal systems, software, services and IT infrastructure, HP delivers solutions for customers' most complex challenges in every region of the world. More information about HP is available at http://www.hp.com.

About Telecom Italia Group 
Today Telecom Italia is Italy's main ICT group. Abroad its main strength is Brazil, where TIM Brasil is a major player.

The company's range of offers -- focusing on advanced and integrated solutions for consumers, businesses and institutions -- includes: telecommunications, internet, digital content, cloud computing, office and system solutions.

As it has done throughout its industrial history, Telecom Italia is basing its strategy on innovation, and over the three-year period 2014-2016, it will be investing 3.4 billion euros on the development of cloud computing and new generation technologies. The goal is to reach 50% of the Italian population with the new generation fixed ultrabroadband (fiber) and 80% with the mobile network (LTE), by the end of 2016. In Brazil, too, the focus is on developing new generation infrastructures, with an investment of over 11 billion reais by the end of 2016. 

© 2014 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.

This press 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 but not limited to statements of the plans, strategies and objectives of HP for future operations, including the separation transaction; the future performance if Hewlett-Packard Enterprise and HP Inc. if the separation is completed; any statements concerning expected development, performance, market share or competitive performance relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the need to address the many challenges facing HP's businesses; the competitive pressures faced by HP's businesses; risks associated with executing HP's strategy, including the planned separation transaction, and plans for future operations and investments; the impact of macroeconomic and geopolitical trends and events; the need to manage third-party suppliers and the distribution of HP's products and services effectively; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; risks associated with HP's international operations; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its suppliers, customers, clients and partners; the hiring and retention of key employees; integration and other risks associated with business combination and investment transactions; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; the execution, timing and results of the separation transaction or restructuring plans, including estimates and assumptions related to the cost (including any possible disruption of HP's business) and the anticipated benefits of implementing the separation transaction and restructuring plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2013, and HP's other filings with the Securities and Exchange Commission, including HP's Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2014. HP assumes no obligation and does not intend to update these forward-looking statements.


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