MLP, a German independent financial services and wealth management consultancy, has signed an IT outsourcing contract with HP to increase business development.

HP’s current infrastructure agreement is based on the concept of utility pricing, where services are bundled and invoiced on a pay-per-use model. This same model will be used for the applications management deal. This will allow MLP to quickly scale infrastructure and applications up or down to meet changing business requirements.

MLP also extended its existing infrastructure technology agreement for management of three data centers, network devices, distributed servers, Lotus Notes messaging and end-user PCs to 2015.

Under the new applications management contract, HP will support sales, customer services and the design of new products. Additionally, HP will be responsible for the complete life cycle management of the applications, from development to implementation, including quality assurance and operations.

Klaus Strumberger, chief information officer at MLP, commented: “With the new contract, we are able to focus our IT assignments close to the core of our businesses. Thanks to the modularity and flexible pricing of these services, we will be able to reduce risk while improving our ability to adapt to changing business needs.”