This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here

Tracking global change in IT Infrastructure

Get Adobe Flash player

News Archive

HP sets US$2 billion in financing to speed cloud adoption

HP CEO Leo Apotheker has announced that the company is setting aside US$2 billion for customers to help buy its cloud systems. Irv Rothman, who heads HP Financial Services, a wholly owned subsidiary of the company, said it will use financial tools, such as sale and lease back, where HP buys a customer's assets and then leases them back for a specific period of time. It monetizes those assets and provides customers with a pool of cash, he said.

Rothman said sale-and-lease-back programs aren't new, but a desire to move to the cloud is spiking interest in them. "We've got a lot of CFOs asking about it now," he said.

Source: Computerworld

Here for full article
 

iXConsulting

  • RF Code
  • MigSolv
  • DigiPlex