HP to Provide HUD with Application Management for Automated Computer System

HP (NYSE: HPQ) has been awarded a five-year contract to provide applications management services for the U.S. Department of Housing and Urban Development‘s automated computer system.

The single family acquired asset management system maintains day-to-day operations associated with more than 65, 000 single-family properties.

HP said contract will work enable HUD to implement program and regulatory change while continuing its existing business programs with minimal interruption.

The agreement also includes an option to modernize the existing system.

SAMS enables the sale of more than 75, 000 homes per year.

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