Analysts estimate that the market for imaging and printing business services will grow to more than $17.5 billion in 2006. And HP's solution has helped companies like Bayer, Bechtel SAIC Company LLC, Duke University and The Goodyear Tire & Rubber Company to save as much as 30 percent of their enterprise printing costs. HP now manages more than 30,000 output devices for clients around the world.

"Many companies are recognizing they should manage their print environments with the same level of discipline they use to manage their overall computing environments," said Ann Livermore, executive vice president, HP Services. "As more content and business processes go digital, customers are finding opportunities to rethink their printing assets to save significant money and time. With nearly $500 million in contracts to date and $300 million in prospective business, we're seeing strong customer demand for HP's Total Print Management. From self-managed to outsourced printing, only HP has the computing, printing and services expertise required to transform printing's role in the enterprise."

HP's TPM portfolio allows users to assess, design, deploy and manage their printing and imaging environments to improve efficiency and productivity while driving down costs. Using an assortment of assessment tools and real-time computer-based calculations, HP helps users understand their current imaging and printing infrastructure and related costs. From that, HP can quickly turn around a custom, in-depth assessment to increase efficiency and effectiveness.

"Many customers don't realize that their out-dated printing environments are generating hidden costs, workgroup redundancies, product inefficiencies and over-priced service agreements," said Vyomesh Joshi, executive vice president, Imaging and Printing Group, HP. "Our assessments put the cost savings into black and white, making it easier to make smart decisions that can dramatically enhance a company's operations."