HP today announced two special financing programs(1) to help chief information officers (CIOs) manage the competing demands of steadily increasing storage requirements and restricted budgets, many of which have not rebounded to prerecession levels.
Companies are challenged with controlling the massive amounts of data produced on a daily basis. Experts say five exabytes of data are created every two days(2) and predict this amount of data will grow at least 40 percent year over year.(3) However, because most unified and monolithic storage in use today was built for the needs of businesses in the past, the need to upgrade to more flexible and powerful storage has never been more pressing.
HP’s new special offers, provided through HP Financial Services, the company’s leasing and asset management subsidiary, will allow businesses to conserve capital while investing in advanced HP 3PAR Utility Storage and HP Converged Storage solutions. These solutions enable clients to manage exploding data growth, while lowering storage area network (SAN) costs by reducing floor space requirements, cutting energy expenses up to 75 percent and decreasing administration time by 90 percent.HP’s new special offers, provided through HP Financial Services, the company’s leasing and asset management subsidiary, will allow businesses to conserve capital while investing in advanced HP 3PAR Utility Storage and HP Converged Storage solutions. These solutions enable clients to manage exploding data growth, while lowering storage area network (SAN) costs by reducing floor space requirements, cutting energy expenses up to 75 percent and decreasing administration time by 90 percent.(4)
Low-rate financing for HP 3PAR Storage Systems
HP is offering two special low-rate financing options for 3PAR solutions and services in the United States and Canada with a minimum $100,000 transaction. Options include:
Thirty-six months with a zero percent lease rate, which allows clients to return the solutions, extend their lease or buy the equipment for fair market value at the end of the lease.
A choice of 18-, 24- or 36-month leasing periods at a special low lease rate, which allows clients to purchase the equipment at the end of the lease for $1.
HP Converged Storage Financing
HP also is offering Converged Storage Financing, which enables clients to acquire storage capacity as needed. This reduces the risk of overprovisioning or overspending for capacity.(4)
1) Financing available to qualified customers through Hewlett-Packard Financial Services Company or one of its affiliates and is subject to HPFS credit approval and customer execution of standard HPFS documentation. Other restrictions may apply. HPFS reserves the right to change or cancel the information contained herein at any time without notice.
(2) "Google CEO Schmidt: "People Aren’t Ready for the Technology Revolution," Read Write Web, August 2010.
(3) "Big Data: the Next Frontier for Innovation, Competition and Productivity," The McKinsey Global Institute, May 2011.
(4) Based on documented client results that are subject to unique business conditions, client IT environment, HP products deployed and other factors. These results may not be typical; results may vary.
