HP Targets $2 Billion for Cloud Financing, Adds Features, Services to Portfolio

Vendor says financing will help accelerate clients’ move to cloud computing. New services promote agility of cloud offerings.

Hewlett-Packard Co.’s Financial Services arm recently said that it will make some $2 billion available to help customers pay for cloud computing technology and services.

The vendor said that underwriting the move of customers to cloud-based solutions mapped to its Instant-On Enterprises initiative to help clients embed technology in all aspects of their business to better serve customers, employees, partners and citizens.

Under the financing offer, customers who acquire and deploy entries from HP’s Cloud solution portfolio are eligible for the $2 billion in financing through leases, sale and lease-back of existing IT infrastructure, deferred payment plans or other financing options, officials said.

“In this hugely competitive global economy, having the financial flexibility to drive new projects is critical,” said Irv Rothman, HP Financial Services president and chief executive officer.

“We are committed to helping our clients drive innovation and agility by transforming their legacy systems to advanced cloud solutions,” he said.

HP said that the $2 billion financing offer will help chief financial and information officers better justify the investment required to implement cloud technology.

New cloud offerings, services

The vendor disclosed the financing offer at the same time as it revealed additions to its cloud Hybrid Solutions folder.

HP added “dual bursting” capability to its CloudSystem platform, which allows clients to provision and scale resources on-the-fly through a public cloud provider or a pay-as-you go model.

In addition, the vendor offered CloudAgile, an enterprise program that provides direct access to HP’s global sales force and channel partners.

Additional services include HP Support Services for CloudSystem, a single point of accountability with integrated hardware and software support, 24/7 coverage, proactive problem prevention and automated HP Remote Support; HP CloudStart, services that extend CloudSystem to help clients define initial private cloud services, implement internal costing and chargeback, and comply with clients’ existing security and backup policies; and, HP CloudSystem curriculum, a set of courses to provide clients with knowledge and change management support.

New cloud services include offerings to scan network nodes, including servers and devices, for vulnerabilities, another to provide information on newly discovered potential threats, and a collection called HP Cloud Services Enablement for Communications as a Service (HP CSE for CaaS) that enables wireless, wireline and broadband companies to offer clients one-stop shopping for IT and communication services.

“Organizations today realize that agility is critical to their future success,” said Jan Zadak, HP Enterprise Business executive vice president, sales and marketing.

“They need it to meet the changing demands of customers and citizens, as well as drive competitive advantage,” he said.

TAGS: cloud computing,HP,financing,Cloudsystem,CloudStart

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