Verari Financial Services (VFS) Group Announces Green Leasing Program

Verari Systems, a premier developer of independent blade-based computing and storage platforms for the data center with the highest density, availability, and energy efficiency in the market, today announced its Green Leasing Program offered by its Verari Financial Services (VFS) Group. The VFS Green Leasing Program offers a comprehensive approach to IT asset life cycle management and provides significant cost and energy savings across IT departments and an improved risk management strategy for businesses.

“VFS’ Green Leasing Program makes it easier for customers to manage a holistic approach to life cycle management,” said Gerald M. Conboy, VP and general manager of Verari Financial Services Group. “What customers should recognize, however, is how this type of integrated leasing solution mitigates risks across the entire organization, not just IT. This is particularly important given increasing compliance requirements, skyrocketing data center energy consumption, and a renewed CEO commitment to the environment.”

The VFS Green Leasing Program reduces equipment costs over its life by considering lease financing solutions, technology cycles, and industry competitiveness to best meet customers’ IT and business needs. Green leasing integrates four IT acquisition phases: 1) Asset acquisition and financing services; 2) Asset management services, such as technology refreshes and asset tracking/reporting; 3) Asset recovery services, such as trade-ins for older IT assets and secure and eco-responsible equipment disposition; and 4) Energy credit incentive programs.

Continuously refreshed technology means that total cost of ownership (TCO) is lowered dramatically and customers can meet their energy efficiency goals. Since IT support staff spends less time updating or repairing older equipment, staff productivity also improves. In addition, customers can participate in energy credit incentive programs offered by local utilities for server consolidation and virtualization. VFS is able to roll these energy credits, which can amount to tens of thousands of dollars, into the lease to lower monthly payments.

Responsible IT life cycle management and leasing are essential components of a risk management strategy. Exposure to environmental compliance associated with equipment disposition is eliminated completely. Hundreds or even thousands of blade servers, hard drives, and other IT assets are removed safely and securely in accordance with local regulatory laws. VFS also supports the e-waste recycling policies that many customers have instituted globally to be eco-responsible.

Significant energy savings also accrue over time since non-disruptive technology refreshes guarantee that the most energy efficient equipment is always operating. According to its August 2, 2007 study to Congress, the EPA expects data center energy consumption to double again from 2007 to 2011, consuming 12 gigawatts of power and requiring the construction of 10 new baseline power plants unless more customers incorporate energy efficiency programs into their planning.

The VFS Green Leasing Program distinguishes itself from other IT lessors since it incorporates Verari’s densest, most energy efficient solutions, including blade servers and storage blades, FOREST containers, Connexxus™ desktop consolidation, server virtualization (VMware), and Verari’s patented Vertical Cooling Technology™. By integrating Verari solutions with green leasing, VFS provides welcome relief to customers who most often cite power, cooling, and space as critical data center challenges.