HP Wins $1.4B Tech Infrastructure Outsourcing Contract

By Reuters  |  Posted 2010-12-16
(Reuters) - U.S. tech giant Hewlett-Packard Co (NYSE:HPQ) said on Wednesday it has won a $1.4 billion infrastructure technology outsourcing contract from German utility E.ON (DE:EONGn).

As per the agreement, HP will directly manage the data center and workplace services for more than 80,000 E.ON. employees.

HP said it would also closely collaborate with E.ON's other key IT suppliers, helping to reduce E.ON's management complexity.

As a result, more than 1,100 E.ON employees will be transferred to HP in April 2011, the company said.

(Reporting by Sakthi Prasad in Bangalore; Editing by Jon Loades-Carter)