DreamWorks Animation Drives Innovation With HP Cloud Services

Cloud-Integrated Network-Attached Storage Enabled With Panzura Streamlines Global Collaboration

PALO ALTO, CA--(Marketwire - Aug 9, 2012) - HP (NYSE: HPQ) today announced that DreamWorks Animation SKG (NASDAQ: DWA) is integrating HP Cloud Services with Panzura's Global Cloud Storage System to create a foundation for a global collaboration infrastructure.

HP Cloud Services integrated with the Panzura Global Cloud Storage System offer a robust, globally integrated environment for file sharing and project collaboration, enabling the DreamWorks Animation production teams across three studios with fast and efficient cloud-based data storage, and augmenting DreamWorks' on-premise HP IBRIX Storage deployment.

"HP Cloud Services integrated with the Panzura Global Cloud Storage System will enable DreamWorks to undertake 'follow-the-sun' content production through a robust, global network that ties together our distributed teams," said Derek Chan, head of Technology Global Operations, DreamWorks Animation. "In addition, the massively scalable low-cost tier of storage provides a platform for archiving reusable content in a central repository, while offering inherent data protection that eliminates the need for tape backup and stringent disaster-recovery planning."

HP Cloud Services provides public cloud infrastructure services that enable developers, independent software vendors (ISVs) and enterprises of all sizes to build the next generation of web services. These services are run and operated at scale on a global basis and backed by a broad marketplace of tools and services. HP Cloud Services is a component of HP's broader Converged Cloud approach, which supports customers with a differentiated hybrid delivery model, providing interoperability and portability across public, private and managed clouds.

"The HP Cloud Services platform is strengthened through our robust partner ecosystem," said Zorawar "Biri" Singh, senior vice president and general manager, Cloud Services, HP. "The HP Cloud Services collaboration with Panzura is a reflection of how HP is driving new capabilities at enterprises like DreamWorks Animation."

Panzura's award-winning cloud-integrated Global Cloud Storage System brings local network-attached storage (NAS) capabilities to a distributed network of sites in globally integrated enterprises. When connected to HP Cloud Services, the combined enterprise-class storage system allows low-cost, distributed NAS, active archiving, and robust, tapeless data protection plus disaster recovery. The Panzura Global Cloud Storage System provides the full features, performance and security of local NAS with complete cloud integration.

"Media and entertainment continues to be one of several strong verticals for Panzura," said Randy Chou, chief executive officer, Panzura. "We are excited by DreamWorks' adoption of HP Cloud Services using Panzura's unique NAS system and look forward to enabling DreamWorks to manage its rendering in the HP cloud."

A free webinar featuring DreamWorks, HP and Panzura will be held on Sept. 11, 2012, at 11 a.m. Pacific. The webinar will explore DreamWorks' decision process in evaluating and selecting cloud storage options, describe the real-world deployment of HP Cloud Services with Panzura, and discuss trends in cloud storage. More information and registration is available at http://www.panzura.com/event/dreamworks-hp-panzura-webinar/.

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 to solve customer problems. More information about HP is available at http://www.hp.com.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance, market share or competitive performance relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by HP's businesses; the development and transition of new products and services (and the enhancement of existing products and services) to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; assumptions related to pension and other post-retirement costs and retirement programs; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; expectations and assumptions relating to the execution and timing of cost reduction programs and restructuring and integration plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP's Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2012 and HP's other filings with the Securities and Exchange Commission, including HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2011. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2012 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.