New HP Software Unit Brings Together Business Intelligence and Information Management

PALO ALTO, Calif., Jan. 17, 2007, HP has formed a Business Information Optimization unit within its HP Software organization to help companies make better decisions and manage their business-critical information throughout its lifecycle.

The new unit will be composed of two groups – business intelligence and information management – and will include software from across the company.

The business intelligence group will oversee HP Neoview, an enterprise-class data warehouse based on industry-standard technology. HP Neoview began shipping to select customers in October 2006 and plays a central role in HP’s multibillion-dollar internal IT transformation.

This group will be bolstered by HP’s recent acquisition of Knightsbridge Solutions Holdings Corp., completed on Jan. 7, which advanced HP’s ability to deliver business intelligence and data warehouse services. Business intelligence software, including data warehousing, enables companies to make more informed decisions to drive growth.

HP has recruited Ben C. Barnes, an industry veteran with 15 years of direct business intelligence experience, as vice president and general manager of the business intelligence group.

Previously, Barnes served as chief executive officer for ActivIdentity, a global provider of strong authentication and trusted digital identity solutions, and Intraspect Software, a provider of enterprise software solutions for internal and external collaboration and content management. He also was general manager of IBM’s Global Business Intelligence Solutions Division. Prior to IBM, Barnes was general manager for marketing at Teradata.

The information management group within the Business Information Optimization unit will deliver solutions that archive and manage customers’ corporate data. These solutions can accelerate data archiving and retrieval, increase worker productivity and simplify the protection of customers’ critical data. HP plans to name a leader for the information management group in the coming weeks.

“This newly launched unit in our HP Software organization is another important step in our commitment to firmly establish HP as the trusted advisor to CIOs,” said Thomas E. Hogan, senior vice president, Software, HP. “We are extending our strength in optimizing the business outcomes tied to applications and technology to now include the equally important need to optimize the value of the information itself. This suite of solutions will help businesses maximize the value and impact of their IT investments spanning systems, applications, networks and information.”

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 Oct. 31, 2006, HP revenue totaled $91.7 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.

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 but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; 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 achievement of expected results and other risks that are described from time to time in HP’s Securities and Exchange Commission reports, including but not limited to the risks described in HP’s Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2006 and other reports filed after that Form 10-K. HP assumes no obligation and does not intend to update these forward-looking statements.

© 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.

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