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Rackable Systems Launches Data Center Leasing Program

^{Published on 2008-12-15 06:43:18 - Market Wire}
 

FREMONT, Calif.--([ BUSINESS WIRE ])--[ Rackable Systems, Inc ]. (NASDAQ:RACK), a leading provider of servers and storage products for large-scale data centers, today announced the launch of a new leasing program designed to provide customers with an affordable way to stay ahead of the technology implementation curve by acquiring new technology and timely infrastructure assets. The Rackable Equipment Leasing (REL) program, combined with Rackable Systems' value based services and products, will offer competitive rates, full maintenance, customer service support and equipment financing from a single source.

Customers who acquire data center equipment through REL have the flexibility to lease equipment on a project basis or extend their lease should equipment requirements run longer than anticipated. REL also offers such services as trade-in opportunities, data destruction, scheduled technology refreshes and asset disposal.

"During this turbulent economic period, companies are looking for alternative ways to maximize their IT expenditures and reduce their initial buying costs," said Tony Carrozza, senior vice president of worldwide sales and marketing at Rackable Systems. "Our new Rackable Equipment Leasing program allows companies to better manage their cash flow, operate with the latest technology, eliminate overhead, and reduce ownership tax and benefit from a flexible ownership agreement."

REL gives customers the ability to reduce upfront costs with 100 percent financing, to avoid expensive late-life maintenance, and to bundle hardware, software, accessories, training and maintenance all into one lease package.

"Through 2010, IT organizations will increasingly rely on leasing and financing programs to close the funding gap for necessary acquisitions," said Joe Pucciarelli, IDC Program Director – Technology Financing and Executive Strategies. "IDC research projects that more than 15 percent of IT equipment delivered in the U.S. during 2008 will be leased or financed, with that percentage growing in 2009 and 2010."

Rackable Systems' fully portable ICE Cube™ data center solution will be an integral part of REL as the program will provide the most cost effective way to meet new and expanding data center requirements. The ICE Cube features up to 2,800 independent servers per container or 7.1 Petabytes of data that can be deployed in a fraction of the time and cost it takes to build a new data center. With a minimal cost of ownership and the ability to lease the entire solution, including chillers and generators, this is the ideal answer for companies looking to quickly expand and easily deploy a complete data center.

For more information about the Rackable Systems Equipment Leasing, please visit [ www.rackable.com/leasing ]

About Rackable Systems

Rackable Systems, Inc. (NASDAQ:RACK) is a leading provider of Eco-Logical™ servers and storage for large-scale data center deployments. The company's products, available for purchase or lease, are designed to provide benefits in the areas of density, thermal efficiency, serviceability, power distribution, data center mobility and remote management. Founded in 1999 and based in Fremont, California, Rackable Systems is a founding member of The Green Grid and serves Internet, enterprise software, federal government, entertainment, financial services, oil and gas exploration and HPC customers worldwide.

To learn more about Rackable Systems, visit [ www.rackable.com ].

Rackable Systems and Eco-Logical are trademarks or registered trademarks of Rackable Systems, Inc. All other trademarks are property of their respective holders.