Emerson Network Power (NYSE: EMR) has announced a new data center financing option for customers purchasing the company's power, thermal management and monitoring equipment, including its Smart Solutions infrastructure offerings.
Available through First American Vendor Finance, specialists in simplifying complex equipment acquisitions, the financing program offers 24-72-month fixed rate data center infrastructure leasing options with what Emerson says is "one of the most lessee-friendly master lease agreements in the industry."
According to a press release, the new lease option was designed to allow Emerson Network Power customers the flexibility to upgrade data center infrastructure with low, predictable and manageable monthly payments for equipment, without the burden of a large initial capital outlay.
See: Emerson's 'CIO Playbook' resource guides on critical IT infrastructure
“Now more customers will have the opportunity to upgrade or expand their data center management needs with rapidly deployable solutions that cost effectively add data center capacity, improve IT control and increase efficiency to balance the most common data center objectives,” comments Jeff Sturgeon, president of sales for Emerson Network Power’s Data Center Solutions business in North America. “We’re pleased to be able to simplify the process and reduce the total cost of acquisition for mission-critical data center infrastructure.”
Features of the financing offering for Emerson customers through First American Vendor Finance include: flexible lease offerings ($1 buyout, fixed buyout, Fair Market Value); end-of-lease flexibility and trade-in opportunities to fit evolving needs; a simplified paperwork package, rapid turnaround and no fees; and an online lease management system to track assets and lease information.
"Emerson is a progressive, customer-focused company,” concludes Bill Verhelle, CEO of First American. “We look forward to providing Emerson customers with convenient, cost-effective financing solutions."
In addition to its power, cooling and management systems, Emerson Network Power also offers its Smart Solutions series of intelligent, integrated offerings that include single row (SmartRow), multiple row (SmartAisle), and room-based (SmartDesign) designs and rapid deployment enclosures (SmartMod) to optimize data center efficiency in IT environments of all sizes.
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