SINGAPORE, 11 SEPTEMBER 2008 – Global technology firm Hewlett Packard (HP) has won a financing and asset management services contract with India supermarket, pharmacy and telecommunications company Subhiksha.
HP said it had worked closely over the past year with Subhiksha to enhance the major retailer’s IT infrastructure to help drive the company’s expansion.
Irv Rothman, president and chief executive officer, HP Financial Services, said “India is a critical market for us and building a strong relationship with leading companies like Subhiksha is key to our growth strategy in Asia.”
Expanding tech infrastructure
HP’s asset management services and leasing subsidiary, HP Financial Services is providing financing for software licenses as well as leasing and asset management services for the IT assets Subhiksha is deploying to expand its technology infrastructure.
In addition to facilitating deployment of SAP business enterprise software, HP Financial Services is also providing desktop PCs and other IT equipment on lease, said an HP spokesperson.
“We have been very pleased with the results we have achieved by using HP’s financing and asset management services,” said R. Subramanian, managing director, Subhiksha. “By leasing, we are able to invest effectively in our business growth, confident that we can expand our IT environment as needed and refresh our technology platform in the years ahead as newer, more efficient generations of IT equipment become available.”
