It is understood that Hewlett Packard (HP) is seeking to invest $1bn to transform its end-to-end information technology services. Similarly, part of the investment will be directed towards retiring legacy assets and building new, modernised facilities.

The multi-year transformation and investment, will allow HP to consolidate enterprise services' commercial data centres, management platforms, and networks tools.

HP also intends to enhance applications to create a more scalable modernised and automated IT infrastructure.

The firm is also seeking to capitalise on the Asia Pacific region encouraged by the region’s growth rate which albeit slower in the past quarter continues to surpass that of other markets.

Indeed, figures recently put out by consulting firm Everest Group indicate that the region is ahead of both Central and Eastern Europe – perhaps affect by lower demand due to economic crises in Greece, Spain and Portugal; and Latin America.