Hewlett Packard announced today that it has signed an expanded agreement with the leading global marketing and corporate communications company, Omnicom Group, in order to provide IT asset leasing service to brands of Omnicom around the world.
The agreement between the leasing and life cycle asset management services division of Hewlett Packard and Omnicom Group is valued at up to twenty-five million dollars annually, enabling brands of Omnicom around the world to receive IT equipment including notebooks, desktop PCs, printers and others directly from Hewlett Packard.
Omnicom Group Offices will also have the charges integrated into a consolidated statement from the Financial Services of Hewlett Packard, under the terms of the new agreement, providing them with economies of scale and preferred rates on leasing.
This agreement extends the coverage to brands of Omnicom in more than forty countries, because HP Financial Services has already provided IT leasing services to them in the United States and Canada for the past five years.
Senior Vice President of Finance at Omnicom, Eric Huttner, said that this has worked well in North America and they want to extend the advantages to their brands around the world. He also said that “Now when our offices in New Zealand, Poland or elsewhere need IT equipment they can order it from a designated reseller and the invoicing automatically rolls into our master lease agreement with HP Financial Services.”