HP announced new products, solutions and services that enable organisations to address the short-term cost reductions required by today’s challenging economy, while laying the groundwork to exit the downturn stronger and more competitive.

“Winning CIOs are focused on both strategic cost reductions and supporting long-term business growth,” said Ann Livermore, executive vice president, Technology Solutions Group, HP. “It’s not about spending more: best-in-class IT organisations spend about half as much as the average company on technology as a percentage of revenue. Instead, they strategically spend and prioritise technology investments. HP offers an unprecedented range of solutions to help organisations emerge stronger when the economy recovers.” HP’s new hardware, software and services allow organisations to change how they produce, distribute and consume technology resources by:

· Standardising, optimising and automating technology to deliver short-term cost reductions;

· Prioritising new technology investments based on business value; and

The enhanced HP SAN Virtualisation Services Platform 2.1 (SVSP 2.1) is a network-based storage virtualisation solution that increases available storage capacity.

Enhanced HP Data Protector software and services provide one data protection solution for all physical and virtual environments.

As part of its Applications Management Services portfolio, EDS, an HP company, is now offering clients the option of tiered levels of service, which lower the cost of running less-critical applications while maintaining the highest service levels for critical applications.

HP also offers flexible financing and leasing options through HP Financial Services. More information about HP’s new offerings, including customer testimonials, is available at www.hp.com/BTeconomics.