Columbus, Ohio – Emerson Network Power, a business of Emerson (NYSE: EMR) and a global leader in maximizing availability, capacity and efficiency of critical infrastructure, announces today a new data center financing option for customers purchasing power, thermal management and monitoring equipment, including Smart Solutions infrastructure offerings. Available through First American Vendor Finance, specialists in simplifying complex equipment acquisitions, the program offers 24-72-month fixed rate data center infrastructure leasing options with one of the most lessee-friendly master lease agreements in the industry.
The new lease option was designed to allow Emerson Network Power customers the flexibility to upgrade data center infrastructure with low, predictable and manageable monthly payments for equipment, without the burden of a large initial capital outlay.
In addition to the industry's leading power, cooling and management systems, Emerson Network Power also offers Smart Solutions – intelligent, integrated offerings that include single row (SmartRow™), multiple row (SmartAisle™), room-based designs (SmartDesign™) and rapid deployment enclosures (SmartMod™), to optimize data center efficiency in IT environments of all sizes.
“Now more customers will have the opportunity to upgrade or expand their data center management needs with rapidly deployable solutions that cost effectively add data center capacity, improve IT control and increase efficiency to balance the most common data center objectives,” said Jeff Sturgeon, president of sales for Emerson Network Power’s Data Center Solutions business in North America. “We’re pleased to be able to simplify the process and reduce the total cost of acquisition for mission-critical data center infrastructure.”
The financing offering through First American Vendor Finance features:
· Flexible lease offerings ($1 buyout, fixed buyout, Fair Market Value)
· End-of-lease flexibility and trade-in opportunities to fit evolving needs
· Simplified paperwork package, rapid turnaround and no fees
· Online lease management system to track assets and lease information
"Emerson is a progressive, customer-focused company,” said Bill Verhelle, CEO of First American. “We look forward to providing Emerson customers with convenient, cost-effective financing solutions."
About Emerson Network Power
Emerson Network Power, a business of Emerson (NYSE: EMR), delivers software, hardware and services that maximize availability, capacity and efficiency for data centers, healthcare and industrial facilities. A trusted industry leader in smart infrastructure technologies, Emerson Network Power provides innovative data center infrastructure management solutions that bridge the gap between IT and facility management and deliver efficiency and uncompromised availability regardless of capacity demands. Our solutions are supported globally by local Emerson Network Power service technicians. Learn more about Emerson Network Power products and services at www.EmersonNetworkPower.com.
Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets around the world. The company is comprised of five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Sales in fiscal 2013 were $24.7 billion. For more information, visit www.Emerson.com.
About First American
First American is a wholly owned subsidiary of City National Bank in Los Angeles, a commercial bank with over $29 billion in assets. First American is ranked among the 100 largest leasing companies in the United States, and provides commercial equipment leasing and financing for clients in all 50 states. First American was recognized eight times on the Inc. Magazine 500/5000 listing of the fastest growing companies in the United States, and twice as a top five Best Places to Work in New York State (10-249 employees).