Panasas Financing Program

Panasas, Inc. announced its Credit Services, a program that provides flexible purchasing options and broadens ease-of-ownership for existing and new customers.

Backed by Hitachi Capital America Vendor Services (HCA Vendor Services), a division of Hitachi Capital America Corporation, 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, CFO, 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, SVP sales, HCA Vendor Services.

Customers using Panasas Credit Services receive customized financing programs tailored to meet their 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% 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.