Wednesday, October 13, 2010

HP Named a "Leader" in Magic Quadrant Report for IT Asset Disposition

HP recently, announced its recognition as a “leader” in Gartner, Inc.’s inaugural North America Information Technology Asset Disposition (ITAD) Magic Quadrant Report. In order to achieve this, the report evaluates best practices in disposing of enterprises’ old or unwanted IT assets, given data-security and environmental (e-waste) concerns. HP’s Asset Recovery Services program is managed by HP Financial Services, the company’s leasing and life cycle asset management services division.
 “Helping clients manage the risk of older or unneeded IT equipment is something we’ve done for years; it’s part of our DNA,” said Irv Rothman, president and chief executive officer, HP Financial Services. “In addition, when older assets can be refurbished and remarketed, we may even be able to provide clients a financial return.”
According to the press release made available on HP’s website, HP Financial Services managed more than 1.3 million units in secondary markets last year which includes enough notebook PCs to cover more than four football fields – plus end zones.
“As an asset management services company, HP Financial Services enables clients to intelligently and economically manage their business technology investments across the full IT portfolio – from planning and acquiring technology to replacing and retiring it” reads part of the release.

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