HP Wins IT Contracts Worth $500 Million

Hewlett-Packard Co. on Wednesday said it has won three information-technology outsourcing contracts worth nearly $500 million.

The contracts were with MCI, Standard Register and TD Bank Financial Group for $112 million, $53 million and $320 million, respectively.

Under the five-year MCI deal, HP will provide day-to-day technical support services for the telecommunication company's employees at more than 600 locations across the U.S. HP will also provide remote server management and asset management services.

The agreement has HP handling 20,000 help desk calls per month and supporting up to 36,000 notebook and desktop PCs, 1,700 workstations and 1,500 printers.

Under the five-year deal with Standard Register, HP will manage 650 servers, a wide-area network and 30 applications for 4,100 desktops and 5,000 employees. Standard Register is a document-management technology company.The seven-year agreement with TD Bank has HP upgrading the financial services company's 2,400 automated teller machines across Canada and TD's automated banking and point-of-sale transaction processing system.