IBM bares new storage migration lease program

MANILA, Philippines – IBM has announced a new leasing program, including buyback of used equipment, attractive lease terms and no payments until 2011, to help current credit-qualified customers using other brands in the Philippines migrate to upgradeable systems of IBM’s new Power family of workload optimized servers and storage offerings.

This new program, provided by the IBM Global Finan-cing unit of IBM, helps clients easily and affordably acquire new mid-range and high-end IBM Power Systems and storage offerings.

It also includes IBM cash-back for new or used equipment, attractive lease terms and no payments until early 2011 for credit-qualified clients.

The program expands opportunity for thousands of Oracle-Sun and HP customers in the region following a successful launch in the United States last month.

IBM will provide clients with cash-back opportunities for specified old competitor equipment, which can be applied to new Power Systems and storage lease payments.

Used and old non-IBM systems will be processed, dismantled or sold as parts and scrap on the secondary market.

Additionally, credit-qualified clients can benefit from an interest-free payment deferral and avoid payments until early 2011 on their new power and storage infrastructure to accommodate a seamless move to IBM systems.

Through leases, IBM Global Finan-cing helps clients convert large upfront investments into a stream of monthly payments to make budgeting easier and more predictable.

By leasing equipment from IBM through the IBM Global Financing unit, clients preserve cash for other strategic investments growing their core business, funding additional innovation or staying competitive.

“IBM’s continued investment in R&D for power and storage and its well-defined product roadmap will protect new customers from technology obsolescence and keep their businesses on the right track,” said Jennifer So, country manager for the IBM Global Financing unit of IBM Philippines.