HP Electronic Vaulting Services Available from Avnet Technology Solutions and HP

Business Wire, June 9, 2008

First-of-Its-Kind Service for HP Channel Partners Brings Managed Storage Services to the Mid-Market

TEMPE, Ariz. & PALO ALTO, Calif. -- In collaboration with HP (NYSE: HPQ), Avnet Technology Solutions, an operating group of Avnet, Inc. (NYSE: AVT), today announced new managed storage services, HP Electronic Vaulting Services, available through Avnet's HP value-added reseller partners in the U.S. The first of its kind for the channel, HP Electronic Vaulting Services will provide partners' mid-market customers with secure, off-site data back-up and recovery support for a monthly fee. Avnet and HP will co-manage the sales channel.

"Avnet's HP partners understand that managed services are a good way to support clients through a technology refresh cycle," said Rick Alvarez, vice president and general manager, Avnet Technology Solutions, Americas, HP Solutions group. "Mid-market companies need a way to stay current with technology advances without huge up-front capital investment. Avnet and HP have simplified the implementation and management processes so our HP partners can focus on solving their customers' business challenges with a customized solution that is the best fit for them."

HP Electronic Vaulting Services deliver significant value for mid-sized businesses, including costs savings and information security. Budget constraints cause many organizations to back up data to their primary storage systems or to another system in the same location. These storage strategies offer no protection or recovery from equipment failure, site failure, physical security breach or local environmental disaster. Avnet and HP Electronic Vaulting Services address this by providing local and remote back-up for a monthly charge, based upon compressed data volume. This means customers can satisfy their important back-up and recovery requirements within an operating expense budget and without the capital investment required to equip a remote site.

"We've achieved tremendous success in selling managed services at the enterprise level, and now HP is turning to Avnet and its channel to expand our reach into the mid-market," said Suzanne Gagliese, director, Americas Business Continuity and Recovery Services Outsourcing Services at HP. "Avnet's IT hosting and managed services facility created a perfect opportunity for co-launching HP Electronic Vaulting Services to the channel. Avnet has the expertise and infrastructure needed to bring these unique services to market."

This new offering from Avnet and HP enables HP partners to develop managed services revenues, while enhancing the managed services capabilities they have already. After conducting a diagnostic analysis and assessment to determine their customers' storage needs, partners can purchase the services from Avnet as a single line item, priced per gigabyte. HP Electronic Vaulting Services will be hosted in Avnet OneTech Services' tier 4, SAS70 data center.

"Our customers want us to provide solutions that make the most out of their technology dollars, and managed services are a great way to do just that," said John J. Convery, executive vice president of marketing and vendor relations, Denali Advanced Integration. "Avnet and HP's innovative new services get at the heart of a key business challenge for the mid-market - secure storage back-up and recovery. With the new services, we'll be able to bring world-class secure storage capabilities to our customers at an affordable price."

About HP

HP focuses on simplifying technology experiences for all of its customers - from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world's largest IT companies, with revenue totaling $107.7 billion for the four fiscal quarters ended Jan. 31, 2008. More information about HP (NYSE: HPQ) is available at http://www.hp.com.

About Avnet Technology Solutions

Avnet Technology Solutions is an operating group of Avnet, Inc. (NYSE: AVT) representing US$6 billion in annual revenue for fiscal year 2007, with locations in more than 30 countries. As a global technology sales and marketing organization, Avnet Technology Solutions has sales divisions focused on specific customer segments and a select line card strategy enabling an exceptional level of attention to the needs of its customers and suppliers. Visit www.ats.avnet.com.

About Avnet

Avnet, Inc. (NYSE: AVT) is one of the largest distributors of electronic components, computer products and technology services and solutions with more than 300 locations serving more than 70 countries worldwide. The company markets, distributes and optimizes the supply-chain and provides design-chain services for the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded subsystem providers. Avnet brings a breadth and depth of capabilities, such as maximizing inventory efficiency, managing logistics, assembling products and providing engineering design assistance for its 100,000 customers, accelerating their growth through cost-effective, value-added services and solutions. For the fiscal year ended June 30, 2007, Avnet generated revenue of $15.68 billion. For more information, visit www.avnet.com.