Deutsche Post World Net and HP Sign Letter of Intent to Transfer Global IT Functions
Under the terms of the agreement, Deutsche Post World Net expects to save at least 1 billion euros over the next seven years by driving down overall IT costs and better leveraging IT resources needed to run its business and service customers. The companie

Bonn, Calif., Jan. 24, 2008

If an agreement is reached, HP would take over the approximately 2,500 employees who currently provide the services for Deutsche Post World Net's data center operations -- including information & data management, infrastructure & network management, and application management. Specifically this would cover IT operations in Prague, the Czech Republic, Scottsdale, Arizona, and Cyberjaya, Malaysia, as well as in a number of European countries.

All applications used by Deutsche Post World Net customers will continue to be designed, developed and governed internally, including IT security standards and their implementation. Deutsche Post World Net will also retain the Professional Services and Customer Integration Supply Management components of its IT Services unit, including project management, project consulting, application development and deployment services, as well as electronic data integration for its messaging and supply chain programs.

"We are constantly looking for new ways to reduce costs and improve the quality of the services that we provide to our customers," said John Allan, Chief Financial Officer of Deutsche Post World Net. "This initiative would significantly contribute to achieving our business objectives, while preserving the high level of service that our customers expect."

Managing and transforming IT infrastructures and data centers are core competences of HP, not only for its customers but also within the company. HP has distinctive knowledge and experience in transforming IT environments to support Deutsche Post World Net's business.

"HP has a high level of understanding of Deutsche Post World Net's IT environment, organization and culture, which has been developed over a 15-year relationship," said Francesco Serafini, Senior Vice President and Managing Director ? EMEA, HP. "With our highly experienced services professionals and global capabilities, we propose to deliver a more simplified and flexible IT infrastructure that would deliver true business value and effectiveness, a better return on IT and reduced operational costs."

About HP

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 $104.3 billion for the four fiscal quarters ended Oct. 31, 2007. More information about HP (NYSE: HPQ) is available at

Deutsche Post World Net is the world's leading logistics group.

Its integrated Deutsche Post, DHL and Postbank companies offer tailored, customer-focused solutions for the management and transport of goods, information and payments through a global network combined with local expertise. Deutsche Post World Net is also the leading provider of Dialog Marketing services, with a unique portfolio of efficient outsourcing and system solutions for the mail business. The Group generated revenue of more than 60 billion euros in 2006. With currently more than 500,000 employees in more than 220 countries and territories Deutsche Post World Net is one of the biggest employers worldwide..