HP Wins IT Services Leasing Contract from Maritz

The contract with HP Financial Services, the leasing and financial services subsidiary of HP, is valued at up to $5 million annually.

St. Louis-based Maritz is an integrated performance improvement, incentive travel and market research services company. By terms of its leasing contract with HP Financial Services, Maritz can order – as the company needs them – HP desktop or notebook computers, HP ProLiant servers, enterprise storage services, printers and software as well as other equipment from OfficeMax Inc., an HP value-added reseller.

Maritz takes delivery of new IT gear in St. Louis, where technicians load the software and proprietary networking applications, before shipping it to the appropriate office.

HP Financial Services reconciles equipment orders monthly and consolidates them quarterly into schedules under the master lease agreement. As older equipment comes off lease, it is returned to HP Financial Services’ technology renewal center in Andover, Mass., for remarketing. The company manages 1 million units of pre-owned and leased equipment a year.

“The ability to add equipment and services as we need them, without the capital outlay of an outright purchase, offers us a tremendous advantage,” said Rich Donnell, vice president, IT planning and administration, Maritz. “Additionally, HP Financial Services makes it possible to refresh our technology regularly without having to worry about what to do with older gear. We just ship it back and they take care of it.”

Maritz is the leading sales and marketing services company of its kind, helping clients achieve their full potential through understanding, enabling and motivating their employees, channel partners and customers. With more than 3,600 employees worldwide, Maritz ranks No. 265 in the most recent Forbes magazine listing of the “500 Biggest Privately Held Companies.”-HP news