PRESS RELEASE
Verari Systems Announces Formation of Financial Services Group
Verari offers flexible, one-stop leasing solutions for data center consolidation and other IT projects
By Mike LaPan (858) 874-3800
NEW YORK, SIFMA Technology Management Conference - June 10, 2008 - Verari Systems, a premier developer of energy efficient data center consolidation platforms utilizing independent blade-based computing and storage solutions, today announced the formation of the Verari Financial Services (VFS) Group. VFS offers IT and business executives a blend of flexible and creative financial planning, asset management and asset recovery solutions that best meet customers' dynamic financial, technological, and business demands.
The VFS Group provides flexible, one-stop lease financing solutions for all asset classes. Available VFS leases include hardware, software, and professional services, as well as other kinds of property such as data centers and buildings. By providing "pay-as-you-grow" leasing solutions that match lease payments with expected project returns, VFS makes it easier for customers to evaluate, approve, and begin IT projects. VFS also provides trade-in, technology refresh, and asset disposition programs to help customers manage shortening technology life cycles.
"Today it may be as important, if not more important, to have as impressive a business model as it is a great product or technology," said Steve Duplessie, Sr. Analyst, Enterprise Strategy Group. "Verari is clearly putting just as much thought into the business and consumption model requirements of the customer as they are on the product and technologies. If they let you customize your product based on needs, why not also let you customize the way you consume it? This is smart, forward thinking."
VFS offers competitive lease rates, high residuals, and flexible terms. If customers need to keep their equipment longer than first expected, leases can be renewed easily with low cost extension or purchase options. The VFS Group's integrated leasing programs offer convenience and multiple benefits including trade-in credits for older equipment, scheduled technology refreshes, asset disposition, and other IT life cycle management services.
"Today's data center consolidation and IT projects are enormous in scale and more complex in scope," said Gerald M. Conboy, VP and General Manager of Verari Financial Services Group. "Verari Financial Services has the expertise to tailor leasing solutions that help facilitate and simplify project approval, preserve cash flow and credit lines, match cost outlays with expected benefits, and provide our customers with a competitive advantage by getting their IT projects up and running faster."
Using VFS provides ultimate flexibility and potentially allows customers the option of technology refresh every two years. This could achieve up to twice the performance at an increase of 20% to the current payment streams.
To learn more about Verari Financial Services, please visit Verari Systems at Booth #2005 at the Security Industry and Financial Markets Association (SIFMA) Technology Management Conference and Exhibit, June 10-12 at the Hilton New York, New York City or visit the website at http://www.verarifinancial.com.
About Verari Systems
Verari Systems, Inc. is the premier developer of energy efficient data center and desktop consolidation platforms utilizing independent blade-based compute and storage solutions that are defining a new era in the green data center. Verari Systems is a market leader in blade storage and energy efficient platforms. Organizations such as Wachovia, Akamai, Microsoft, Qualcomm, CGGVeritas, Harris, Lockheed Martin, Northrop Grumman, and Sony Imageworks, as well as top universities and research institutions worldwide, are among the customers who have chosen Verari Systems' line of award-winning high density blade storage and servers, rack-optimized platforms and software solutions. To learn more about Verari Systems and its unique solutions, please visit us on the web http://www.verari.com or call (888) 942-3800.
Verari Systems, the Verari Systems logo are trademarks or registered trademarks of Verari Systems Incorporated. All other names or marks are property of their respective owners.
