Technology giant HP is making up to $2 billion available to help its clients finance cloud adoption.
The move was announced at HP Discover, in Las Vegas, this week.
The company said the cloud financing is made possible by HP Financial Services, its leasing and asset management subsidiary.
According to HP, adopting cloud-based solutions will help business become “instant-on” enterprises that use technology to help their customers, employees and partners with whatever they need, immediately.
Although most CFOs and CIOs are in accord on the ability cloud solutions have to transform a business, they are challenged to align the investment budgets and return on investment goals associated with implementing them.
HP Financial Services, said the company, will help enterprise executives build a financial architecture to match their technology roadmaps to the cloud.
Based on local financing capabilities and practices, financing will be available to qualified customers acquiring and deploying solutions from HP's Cloud solution portfolio.
“Financing solutions will take the form of leases and other specialised financing solutions, sale and lease-back of existing technology infrastructure and deferred payment plans,” said HP.
President and CEO of HP Financial Services Irv Rothman said having the financial flexibility to drive new projects is vital in today's competitive economy. “We are committed to helping our clients drive innovation and agility by transforming their legacy systems to advanced cloud solutions.”
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