On Demand Technology Financing for an On Demand World
Costa Mesa, CA – September 8, 2015 – Red8, the industry expert in architecting the software defined data center, today launched Red8 Capital, a new division dedicated to offering flexible, on-demand technology financing and leasing options that enable customers to acquire and pay for enterprise data center technology in a modern, affordable, usage-based way.
“The advancement of cloud-based technology has changed the way companies are acquiring and consuming hosted and virtualized technology, but the way they pay for the rest of the IT data center ecosystem has not caught up to match this shift. This is why we created Red8 Capital,” said Richard Heard, president of Red8. “By modernizing the economics of IT operations and data centers, we can be the catalyst for change that will truly accelerate business success.”
Red8 Capital will offer its customers a wide range of flexible payment tools including leasing, leasing, financing, and various usage-based billing options. These tailored payment options will allow customers to acquire the right technology without the significant upfront capital expense normally associated with it. Instead they can pay for their technology over time or on a fee per use basis, providing a faster and stronger return on investment.
“For many enterprises, while the public cloud pricing model is very attractive, a fully hosted infrastructure may not make sense,” explained Scott Sullivan, senior vice president of Red8 Capital. “Red8 Capital is offering the ability to enjoy the financial benefits of a public cloud solution while maintaining the certainty and security of a private cloud or on-premise environment.”
As Red8 is a wholly owned subsidiary of Insight Investments, LLC, Red8 Capital will leverage best practices from the Insight Financial Services division which provides customers the liquidity and flexibility to acquire and manage their immediate and long term technology equipment needs.
“Red8 Capital is pleased to be a pioneer in on-demand financing for an on-demand world. We believe these services will align very compelling cost structures with today’s ideal technology solutions for our customers, so that they will have the advantages of the most powerful technology at a flexible and manageable cost,” concluded Heard.
Red8, a wholly-owned subsidiary of Insight Investments, LLC, is the industry expert in architecting the software defined data center. It helps many of America’s most influential corporations in a variety of industries, such as, automotive, aerospace, healthcare, manufacturing, media and entertainment, and professional services. Red8’s focus creates and maintains highly secure, efficient and effective data center, server, storage and network virtualization solutions.
Red8’s highly experienced team of professionals is the creative catalyst that turns future opportunities into real-world possibilities today. For more information visit www.red8.com.