HP launches HP Financial Services in DIFC

Press release

Published February 13th, 2011 - 11:18 GMT

Eyad Shihabi, Managing Director and Enterprise Business Lead for the Middle East for HP

HP Middle East announced today extending its services to HP valued customers with the launch of HP Financial Services in the Dubai International Financial Centre (DIFC).

HP Financial Services is the leasing and lifecycle asset management services subsidiary of the Hewlett-Packard Company, offering a full range of financial services solutions.

Eyad Shihabi, Managing Director and Enterprise Business Lead for the Middle East for HP, said: “With the launch of financial services capabilities we are adding a new, and significant, link in the value chain for our top customers.

“HP Financial Services help customers significantly reduce the cost of ownership throughout the IT lifecycle – from planning and acquiring technology, all the way to retiring and replacing it.”

“It will make it easy and economical for customers to deploy world-class technology on terms tailored to their unique needs. Not only that, we can help our valued customers manage the risk of dealing with obsolete or unneeded IT equipment.”

Leasing provides clients with flexibility and makes it easy for them to migrate to newer generations of technology. There’s typically no substantial upfront payment, so clients preserve working capital and can allocate it to other projects.

HP Financial Services manages the entire life cycle process and can provide technology refreshes at appropriate intervals during the lease. The company also offers sale-leaseback capabilities.

Background Information

Hewlett Packard Middle East (HP)

Our vision is to create technology that makes life better for everyone, everywhere — every person, every organization, and every community around the globe. This motivates us — inspires us — to do what we do. To make what we make. To invent, and to reinvent. To engineer experiences that amaze. We won’t stop pushing ahead, because you won’t stop pushing ahead. You’re reinventing how you work. How you play. How you live. With our technology, you’ll reinvent your world.

Company Profile

Dubai International Financial Center

Dubai International Financial Centre (DIFC) is one of the world’s most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and a nominal GDP of US$ 7.7 trillion.