Hewlett-Packard Co. (HP), the world's largest technology company, has secured a seven-year infrastructure services contract from Sara Lee Corporation to manage its global technology environment.

Under the arrangement, HP will extend its current agreement to 2015 and add the management of Sara Lee's North America infrastructure technology to make this a fully global contract.

In addition, HP also will transition Sara Lee's infrastructure technology to HP's next-generation data center in Atlanta. The latest agreement is part of Sara Lee's global transformation to increase operational efficiencies and reduce costs across its businesses around the world.

Market experts believe that the automated environment will provide the latest infrastructure management and automation delivered as a service for Sara Lee.

HP has provided services to support Sara Lee's technology infrastructure in Europe, the Middle East, Africa, Latin America and Asia, as well as Sara Lee's end-user environment across the globe.

The scrip of HP was quoting at $ 34.11, up 2% compared to its previous close during early trading session. It touched an intraday high and low of $ 34.82 and $33.02 respectively.