Verari Financial Services (VFS) Group Announces an Innovative Trade-In Program for Aging IT Assets
VFS offers a Trade-In Program that provides a cash infusion and complete asset recovery services to customers undergoing consolidation projects or migrating to Connexxus
by Mike LaPan (858) 874-3800
SAN DIEGO, Calif. - August 12, 2008 - Verari Systems, a premier developer of energy efficient data center consolidation platforms utilizing independent blade-based computing and storage solutions, today announced its Trade-In Program offered by its Verari Financial Services (VFS) Group. The VFS Trade-In Program offers customers competitive values for older IT assets and applies to Verari and most IT vendors’ equipment.
The VFS Trade-In Program not only reduces stranded or unutilized IT assets, it resolves any potential book value write-off issues and helps eliminate the tediousness and logistical headache of equipment disposition. The program also substantially reduces the purchase price or monthly lease payment for new equipment, providing a cash infusion that helps justify new projects. By installing new equipment, customers can lower the costs of data center real estate, power and cooling and ensure a smooth migration path to new IT environments, such as the Connexxus™ desktop consolidation solution. The VFS Trade-In Program applies to all IT assets including PCs, servers, networking and telecommunication equipment.
“As the former CIO for T. Rowe Price Group, I know how valuable the Trade-In Program offered by VFS will be for customers as they initiate energy efficiency projects globally and face the enormous challenge of safe and secure asset disposition,” said Michael A. Goff, managing partner, Peachwood Partners. “The program not only reduces risks and costs associated with removing older IT assets, it provides a partner who really understands both IT life cycle and lease financing services. The customer is the clear winner here.”
VFS has developed a unique program around the Connexxus desktop consolidation solution, making it easier for customers to migrate smoothly and quickly to Connexxus’ energy-saving and 100 percent secure technology. Since Connexxus centralizes compute/storage capacity in the data center, many existing workstations, servers and desktops can be eliminated. Recognizing that the disposition of hundreds or even thousands of workstations, servers and desktops can present a challenge to customers, VFS has developed an integrated trade-in credit and IT asset disposition program for Connexxus purchases or leases. Logistics and costs related to responsible equipment disposition are included in the lease with one easy monthly payment.
VFS manages the pick-up, transportation and green disposition of older IT assets, providing a tremendous convenience for customers. Logistics are tailored to meet the customer’s schedule and, if applicable, to comply with local labor union provisions to help ensure minimal business disruption and rapid cutover. Data wiping services for hard drives can be provided in compliance with current regulatory standards. This saves customers time and money. The Robert Francis Group (RFG) believes, for example, that it costs 20 percent more for companies to perform data wiping responsibilities on their own versus outsourcing the project. VFS’ equipment disposition and recycling services not only provide customers with the best trade-in values for old equipment, but allow customers to mitigate risks associated with asset retirement.
“By understanding IT asset life cycles and having a global remarketing capability, VFS can provide the highest trade-in values for aging assets, which really help businesses remain competitive in their respective industries,” said Gerald M. Conboy, VP and general manager of Verari Financial Services Group. “The VFS Trade-In Program injects cash into a business and is part of an IT management plan to reduce unutilized assets. Customers also appreciate trade-in credit due to its net effect of lowering monthly lease payments on new equipment or IT projects. Our customers want to dispose of older technology that is less energy efficient and replace it with new technology that is 20 to 40 percent more energy efficient --- lowering the space, power and cooling necessary for equipment operation.”
About Verari Financial Services Group and Verari Systems
Verari Financial Services provides flexible, one-stop lease financing solutions for all asset classes. VFS leases can include hardware, software and professional services, as well as other kinds of property such as data centers and buildings. By providing low interest, “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 provides trade-in, technology refresh and asset recovery services designed to help customers manage shortening technology life cycles. To learn more about Verari Financial Services, please visit http://www.verarifinancial.com.
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.