HP is to provide up to $2bn (€1.36bn) of
financing for clients planning to move into cloud computing, via
its leasing and asset management subsidiary HP Financial Services
(HPFS).

The financing will be available to qualified
customers looking to acquire and implement solutions from HP’s
Cloud portfolio.

It will include lease agreements, sale and
lease-back arrangements for existing IT infrastructure, and
deferred payment plans.

The move is part of a bid to encourage
companies to become “Instant-On Enterprises”, using technology in
all their activities.

Irv Rothman, president and CEO of HPFS, said:
“We are committed to helping our clients drive innovation and
agility by transforming their legacy systems to advanced cloud
solutions.”

claire.hack@vrlfinancialnews.com