HP Offers $2 Billion in Cloud Financing

Hewlett-Packard Co. said that it is offering $2 billion in special financing through its Financial Services arm to enterprise and government clients undertaking cloud computing projects deploying the vendor’s CloudSystem platform.

HP said that the financing is designed to help public and private sector customers engage in cloud computing projects without unduly burdening IT budgets. The vendor said that it has targeted the financing offer and chief financial officers (CFOs) and chief information officers (CIOs) tasked with strengthening business objectives while lowering costs.

Monthly pricing for the cloud financing offer of $9,500 is based on a $340,000 estimated purchase price for HP’s CloudSystem Matrix—which includes eight ProLiant server blades, 5.4 TB of storage and the Matrix Operating Environment—for 36 months with an option to purchase at fair market value at the close of the term.

HP has positioned its CloudSystem platform as suitable for enterprises and services providers to deliver cloud services such as compute and software-as-a-service (SaaS).

HP also said that its Financial Services arm is offering a payment plan for service providers with which amounts start small and increase over a six- to 12-month period to more efficiently map expenditures with sales growth.