HP Financial Services, the asset management services and leasing subsidiary of US-based IT conglomerate HP, has announced that it will partner India’s largest supermarket chain Subhiksha to develop software to support the latter’s financing and asset management services.
Elaborating this development, Irv Rothman, president and chief executive officer, HP Financial Services, said, “India is a critical market for us and building a strong relationship with leading companies like Subhiksha is key to our growth strategy in Asia.”
R Subramanian, managing director, Subhiksha, confirmed the news and said, “We have been working closely with HP over the last two years and we are happy with this new development as, from now on, we will be able to invest more effectively in our business growth.”
In this new plan, along with deploying SAP business enterprise software for Subhiksha, HP will provide desktop PCs and other IT equipment on lease to Subhiksha and refresh it’s older PCs with new technology.
