3M Selects HP Neoview to Enhance Global Business Intelligence
PALO ALTO, Calif., Nov. 15, 2007, HP today announced that 3M, a $22.9 billion diversified technology company, has purchased the HP Neoview data warehousing platform to enhance its global business intelligence capabilities.
After evaluating several offerings, 3M chose HP Neoview to provide the company with a comprehensive view of historical and real-time information to help make business decisions faster.
Neoview will enable integration and analysis of 3M’s financial data, including the company’s general ledger, so that 3M can react in near real time to everyday opportunities and threats.
“We are looking for a new level of price/performance to help grow our business through enhanced business intelligence solutions,” said Peter Godfrey, director, global information technology infrastructure, 3M. “As a long-time data warehouse user, we are excited to get the new Neoview platform in house and to prove its capabilities.”
The HP Neoview data warehouse platform integrates hardware, software and services to offer customers a comprehensive view of essential business information, such as metrics on product sales, customer trends, production and operational effectiveness. This allows for real-time decision making and historical analysis.
“Our customers are some of the world’s largest businesses and Neoview is precisely tuned to enable the volumes of information they generate every second to be better leveraged for business advantage,” said Ben Barnes, vice president and general manager, Business Intelligence Software, HP. “HP Neoview offers 24x7 availability built on cost-effective, industry-standard hardware. Having gone in search of replacements for our competitors’ data warehousing solutions, customers agree that the return on investment with Neoview is unmatched in the industry.”
3M’s HP Neoview solution is paired with software from leading business intelligence software vendor Business Objects and leading data integration software provider Informatica.
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 (NYSE: 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 execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected results; 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.
© 2007 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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