HP Achieves Position as a Leader in Annual Magic Quadrant Report for MFPs and Printers

PALO ALTO, Calif. - HP today announced it has been named a "leader" in the latest Gartner "Magic Quadrant Report for MFPs and Printers, Worldwide."(1)

An independent provider of IT and research advice, Gartner has published its latest Magic Quadrant report for MFPs (multifunction printers) and printers worldwide, which assessed technology providers on their "ability to execute" and "completeness of vision."

According to Gartner's report, "traditional speeds and feeds for typical office printing, such as output quality (for example, dots per inch and engine speed), have given way to the hardware's ability to integrate and deploy software applications that connect them to company's document management systems. Remote monitoring capabilities, diagnostics, security, cloud printing and other factors are becoming the true differentiators."

HP's strategic investments in these differentiators have enabled the company to establish a portfolio of innovative MFPs and printers that are supported by a broad range of applications and solutions.

Consumers, small to midsize businesses and enterprises working with HP as their technology on-ramp and off-ramp have effectively managed their information and document workflows using HP's cloud-enabled, web-connected print technologies that streamlined their workflows and increased security for significant gains in productivity and cost savings.

HP's Open Extensibility Platform and FutureSmart Firmware bolster the company's leadership position in MFPs and printers by simplifying the development and deployment of HP and third-party solutions, and allowing customers to quickly and easily update, manage and extend the capabilities of their MFPs and printers with the latest solutions and applications

"We believe this recognition affirms not only the investment HP has made in imaging and printing, but also our strategy of ensuring that customers gain a real competitive advantage with these devices," said Ron Coughlin, senior vice president, LaserJet Enterprise Solutions, Imaging and Printing Group, HP. "HP is dedicated to building on its legacy of innovation to help customers meet their evolving needs."

About Gartner Magic Quadrant

The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure at the convergence of the cloud and connectivity, creating seamless, secure, context-aware experiences for a connected world. More information about HP (NYSE: HPQ) is available at www.hp.com.

(1) Gartner, Inc., "Magic Quadrant for MFPs and Printers, Worldwide," Federico De Silva, Sharon McNee, Oct. 24, 2011.

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