The Channel logo

News

By | Paul Kunert 9th June 2011 11:19

HP assigns $2bn of finance in CIO cloud investment prod

Let us take care of raising the cash

Hewlett-Packard's financial services arm has set aside $2bn (£1.2bn) for customers to buy its cloud technologies.

At the same time, the US tech monster lifted the covers off the CloudAgile Service Provider programme which it is piloting with 10 services providers globally, including reseller SCC in the UK.

The financing scheme - covering leasing, sale and lease back of existing IT infrastructure and a deferred payment plan - is not revolutionary, but HP hopes it will convince CIOs to consider moving legacy systems to the cloud.

"While many chief financial and information officers agree on the transformative power of cloud solutions, they are often challenged to align the investment budgets and return on investment goals associated with implementing them," said HP.

The CloudAgile programme will be opened to resellers later in the year as well as telcos, hosters and system integrators; all of whom will get the usual MDF, account managers and web-based resources.

HP has also updated its CloudSystem appliance for private, public and hybrid clouds - based on its converged infrastructure and Cloud Service Automation software - by adding a "dual burst" feature, which allows customers to scale and can be used to manage rivals' systems. ®

alert Send corrections

Opinion

Killer whale

Chris Mellor

Firm cites 'low demand' plus 'abusers'

Tim Worstall

Or why the reversal of globalisation ain't gonna 'appen
The full Spanglish breakfast: mealy pudding, bacon, black pudding, sausages, fried egg, toast
Blood image

Trevor Pott

Can the storage giant overcome a lack of necessary leadership?

Features

No, silly... he was the fall guy for years of Finnish folly
Fraud image
Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that