Panasas Introduces Flexible Financing Program

Panasas Credit Services Program Helps Businesses Finance Technology Investments Essential for Growth

SUNNYVALE, Calif.--()--Panasas®, the leader in performance scale-out network-attached storage (NAS), today announced Panasas Credit Services, a new program that provides flexible purchasing options and broadens ease-of-ownership for existing and new Panasas customers. Backed by Hitachi Capital America Vendor Services (HCA Vendor Services), a division of Hitachi Capital America Corporation, Panasas Credit Services offers flexible payment structures and pay-as-you-grow financing to simplify technology, implementation and managed-services expenses. Businesses can finance a complete technology solution, including hardware, software, services and complementary third-party equipment.

“When it comes to technology investments, ease of ownership is crucial, and the right financing program can provide significant business benefits to companies of all sizes,” said Elliot Carpenter, chief financial officer at Panasas. “With Panasas Credit Services, our customers can obtain the latest storage technology with little or no up-front cost and upgrade their equipment any time during the term for optimal competitive advantage.”

"We are looking forward to executing a strategic relationship with Panasas to support their growth as an industry leader within their market," said Brent Broussard, senior vice president of sales at HCA Vendor Services.

Customers using Panasas Credit Services receive customized financing programs tailored to meet their specific needs to ensure they have the ongoing flexibility to purchase, renew or upgrade equipment as their business evolves. The process begins with a simple one-page credit application, and customers can expect same-day credit approvals in most instances.

Panasas Credit Services program benefits include:

Cash conservation
No up-front payment is required to initiate the equipment purchase, and deferred payment plans are available.

Total solution financing
Customers can finance up to 100 percent of the equipment cost as well as related soft costs for software licenses, maintenance contracts and service fees.

Flexibility
Customizable payment terms and end-of-term disposition and acquisition options are available.

To learn more about financing your Panasas storage system purchase or to start the application process, visit Panasas Credit Services at http://performance.panasas.com/credit-services.html.

About Panasas

Panasas is the performance scale-out NAS leader for unstructured data, driving industry and research innovation by accelerating workflows and simplifying data management. Panasas ActiveStor appliances leverage the patented PanFS storage operating system and DirectFlow protocol to deliver performance and reliability at scale from an appliance that is as easy to manage as it is fast to deploy. Panasas storage is optimized for the most demanding workloads in life sciences, manufacturing, media and entertainment, energy, government as well as education environments, and has been deployed in more than 50 countries worldwide. For more information, visit www.panasas.com.

About Hitachi Capital America Vendor Services

Hitachi Capital America Vendor Services provides a unique service to manufacturers of equipment and software in the form of vendor programs that are creative, competitive and professionally administered. We serve all industries, but focus on healthcare and technology. For more information, visit www.hcavs.com.

©2017 Panasas, Inc. Panasas, the Panasas logo, ActiveStor, PanFS, and DirectFlow are registered trademarks or trademarks of Panasas, Inc. Other trademarks are the property of their respective holders.

Contacts

10Fold Communications
Rick Popk, 415-800-5381
Panasas@10fold.com

Release Summary

Panasas Credit Services Program Helps Businesses Finance Technology Investments Essential for Growth

Contacts

10Fold Communications
Rick Popk, 415-800-5381
Panasas@10fold.com