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Banking industry

Hewlett-Packard Wins $30 Million Contract from Sakura Bank for Global Risk-Management System

Strategic Insights

— 1 min read

Hewlett-Packard Company has been awarded a contract to build a global risk-management system for Tokyo-based Sakura Bank, which will cover trading positions in London, New York, Tokyo, Hong Kong, and Singapore. The project will involve the use of HP 9000 business servers, HP Openview network-management software, and products and services from NeXT Computer and Oracle Corp. The total investment by Sakura Bank will be more than $30 million. Sakura Bank is the fifth-largest bank in the world, with nearly $500 billion in assets and a global presence through its extensive branch network.

Key Takeaways:

  • Hewlett-Packard has won a contract worth more than $30 million from Tokyo-based Sakura Bank to build a global risk-management system.
  • The system will cover trading positions in London, New York, Tokyo, Hong Kong, and Singapore, and will involve the use of HP 9000 business servers, HP Openview network-management software, and products and services from NeXT Computer and Oracle Corp.
  • Sakura Bank is the fifth-largest bank in the world, with nearly $500 billion in assets and a global presence through its extensive branch network.
  • The system will manage derivatives and other risk-management operations, providing users with timely, integrated snapshots of the bank's global risk exposure.
  • The system will also satisfy regulatory-reporting requirements and enable banks to make smarter and faster business decisions on a global basis.
  • HP has assisted more than 3,000 customers in their move from mainframe computing to open systems.
  • HP is the world's leading supplier of open client/server systems and has been delivering PA-RISC-based business computers since 1986.
  • Hewlett-Packard Company has 99,900 employees and had revenue of $25 billion in its 1994 fiscal year.

Statistics:

  • Sakura Bank to invest more than $30 million in the global risk-management system.
  • Sakura Bank has nearly $500 billion in assets.
  • HP has assisted more than 3,000 customers in their move from mainframe computing to open systems.
  • HP has been delivering PA-RISC-based business computers since 1986.
  • Hewlett-Packard Company has 99,900 employees.
  • HP had revenue of $25 billion in its 1994 fiscal year.

Sources:

  • "HP Wins $30 Million Contract to Build Global Risk-Management System," September 15, 1995.
  • Information Services International - Dentsu, Ltd. (ISID) press release.
  • Hewlett-Packard Company press release.

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