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Press room > Press releases >
IBM Global Financing Supports New Generation of Power Systems with Power Financing Offerings
Offerings to make it easier for clients to acquire newest Power Server
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ARMONK, N.Y.
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02 Apr 2008:
IBM Global Financing, the lending and leasing business segment of IBM (NYSE: IBM) today announced a new package of financing offerings to support clients seeking to acquire products from the new IBM Power Systems product line, which unifies the IBM System i and System p server lines.
The Power financing package unifies IGF offerings to help clients take advantage of the new Power family with:
- one platform, one monthly lease price, with total solution financing for Power Systems (including hardware platform, OS, peripherals and maintenance bundled in a single price);
- mid-lease upgradeability for little or no change in monthly payments In some cases monthly payments may even be lower.
- unsurpassed asset recovery and buyback services, environmentally friendly disposal services;
- The Economic Stimulus Advantage offering so that US clients can reduce monthly payments or defer lease payments for the first three months.
“In today's economic environment, where concerns about the availability of credit may be an issue, our package of Power financing solutions will help clients access the new Power technology at competitive rates and terms,” said John Callies, general manager of IBM Global Financing. “But more importantly, it helps our clients better manage their cash flow, and address the efficient management of their technology assets throughout the technology lifecycle.”
Additionally, IGF brings unique financing capabilities to clients considering migration or consolidation projects, including asset takeout and buyback opportunities for IBM and non-IBM equipment, total solution financing (IBM and OEM Hardware/Software/Services) and large project financing to help clients build upfront and ongoing costs of investment into their existing budget structures. The expanded Power financing offerings also build upon existing IGF offerings and programs like the recently announced Economic Stimulus Advantage offering, which passes along tax and depreciation benefits to US customers in 2008.
The new unified Power Systems are being refreshed from top-to-bottom with advanced POWER6TM, processors to deliver 2-3X the performance per core of leading competitors. The new unified servers will provide greater resiliency and higher availability on common systems and are specially designed for virtualization, leveraging IBM PowerVMTM.
Additional benefits of the IBM Global Financing Power financing package of offerings:
- Affordable POWER6TM mid lease upgrades for current System I leasing clients.
- Wider choice of IGF offerings for clients:
- IGF BladeCenterR Flexible Choice (AG/NE/SW)
- Six Month Deferral Offering for select Low End System p models (US)
- Options for in place or side by side POWER5 to POWER6 upgrades
- For mid range and high end systems, POWER6 upgradeability offers clients a greatly improved leasing value proposition:
- Upgradeability provides improved investment protection and flexibility to upgrade at mid-lease with little or no change in current monthly payments.
- Special offerings and programs from IGF can help clients acquire the latest Power Systems technology at attractive lease rates or with a deferral to fit their budget requirements:
- US Economic Stimulus Advantage - Choice of an enhanced low rate or three month deferral
- Six Month Deferral Offering for select Low End System p models (US)
- Low Rate Financing (affordable low rates for clients worldwide)
- Local country promotions:
- Benelux - 90 day deferral on all Power Systems
- France - 0% financing on select Power Systems
- UK - 0% financing (up to £200,000) on Power Systems
- AP/Japan - Various local country special promotions
- IGF can support key client consolidation or migration projects with unique financing capabilities:
- Asset takeout and buyback capabilities for IBM and non-IBM equipment
- Total Solution Financing (IBM and OEM HW/SW/Services)
- Project financing for clients of all sizes to manage cash flow and assets, and build upfront and ongoing costs of investment into existing budget structures.
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Fred Clarke
Media Relations, IBM Global Financing
914-715-5986 (mobile)
914-765-6700 (office)
fredc@us.ibm.com
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Related XML feeds
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Global Financing
Hardware leasing, software and services financing, commercial financing, inventory, accounts receivable, term loans, acquisition financing |
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Servers
System i, System p, System x, System z, BladeCenter, and Supercomputers |
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