Brocade Leasing to be underwritten by BNP Paribas Leasing Solutions, allowing organizations to align network capacity with fluctuating business demands
SAN JOSE, Calif.; 27 August, 2014 – Brocade (Nasdaq: BRCD) today announced a partnership with BNP Paribas Leasing Solutions to deliver Brocade Leasingthroughout Europe (specifically the United Kingdom, Netherlands, Germany, France, Italy, Austria, Belgium and Spain) and India. Under the terms of the agreement, BNP Paribas Leasing Solutions will partner with Brocade to enhance their leasing capabilities, allowing businesses the flexibility to adopt networking infrastructure on flexible and financially attractive terms.
Today's IT managers are expected to identify network solutions that can quickly accommodate ever-changing needs, yet they are restricted by financial limitations. With Brocade Leasing, part of the wider Brocade Capital Solutions portfolio which includes Brocade Network Subscription, organizations can refresh their network infrastructure and simply add or subtract capacity without the need for significant capital expenditure, allowing them to focus on scaling their business instead of their network infrastructure.
“As a leader in networking solutions that enable organizations to deliver tomorrow’s networks today, we are pushing the innovation envelope on both the technical and business front," said Marcus Jewell, Vice President EMEA at Brocade. “With financing from Brocade, customers can turn on vast amounts of networking capacity, but do so in a flexible manner, such as bundling hardware, software, support contracts and professional services into one low monthly payment, thereby easing fiscal pressure on the business. Our agreement with BNP Paribas Leasing Solutions furthers our commitment to customers in helping them drive business transformation, while managing budgets in a prudent manner.”
Consumption economic models require a change in the way IT supports business objectives, flexing with the demands of the business and possibly even the way services are paid for, if the organization delivers those services on demand. This is why Brocade’s efforts to innovate also extend beyond technology models and look at the business models affecting your technology architectures. Brocade Capital’s portfolio of innovative financing solutions, including Brocade Network Subscription (BNS), offers network acquisition models that are as flexible as cloud-based business models. For example, BNS enables companies to acquire a state-of-the-art Brocade Network without making any initial capital investment. Instead, simply pay monthly as part of your operating expenditure. No down payment or capital required to install equipment, and no term limits, which delivers unprecedented deployment flexibility.
Brocade (Nasdaq: BRCD) networking solutions help the world’s leading organizations transition smoothly to a world where applications and information reside anywhere. (www.brocade.com)
BNP Paribas Leasing Solutions, far more than finance…
Within BNP Paribas, BNP Paribas Leasing Solutions is specialized in leasing and rental solutions for professional equipment, offered either directly to businesses and professionals or through its partners – manufacturers, publishers and their distribution channels (dealers and resellers).
With more than €27.8 billion of outstandings under management and 3,600 employees operating worldwide, BNP Paribas Leasing Solutions is one of the European leaders in equipment leasing and is today the only player with such a wide-ranging offer, extending from simple leasing arrangements to long term rental solutions and IT asset management contracts.
Thanks to its global and local dimension, BNP Paribas Leasing Solutions is able to offer services and solutions that create value in 22 countries: directly in Austria, Belgium, China, France, Germany, India (Financial Company with SREI), Italy, Netherlands, Poland, Portugal, Romania, Spain, Turkey, United Kingdom ; through BNP Paribas Group entities in Algeria (El Djazaïr), Gabon (BICIG), Ivory Coast (BICICI), Luxembourg (BGL), Morocco (BMCI Leasing), Senegal (BICIS), Tunisia (UBCI Leasing) and USA (Bank of the West).
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