VeriStor Announces VeriStor Capital, Offers Full Range of Financing Programs and Financial Structures to Simplify Technology Acquisition

ATLANTA, Feb. 23, 2011 /PRNewswire/ -- VeriStor Systems, the Southeast region's leading enterprise data storage and virtualization solution provider, today announced the opening of VeriStor Capital, a new division focused on providing the technology financing mid-sized companies need for simple and affordable technology acquisition. Offering a range of technology financing – from operating and capital leases, equipment rentals and acquisition lines of credit to project financing, equipment transition financing and flexible payment options (annual, quarterly, monthly and step) – VeriStor Capital provides the technology financing options that deliver operating elasticity with less risk, while preserving much needed operating cash.

"Today, companies continue to struggle with the rapid rate of technology obsolescence," said Ashby Lincoln, CEO, VeriStor Systems, the parent company of VeriStor Capital. "That's why we created VeriStor Capital. Now we can provide the financing options companies need to be proactive with the technology procurement the business requires, without putting a strain on operating capital."

VeriStor Capital offers lending and financing options for all makes and models of information technology (IT) and telecommunications equipment as well as software, professional services, maintenance and support contracts. Key benefits of VeriStor Capital financing products include:

• Total cost of ownership optimization
• Finance equipment from multiple manufacturers on the same contract
• A seamless process supported by a dedicated finance team
• Conserve working capital and improve cash flow
• Increase productivity of your mission-critical systems
• Proper disposition of old equipment with certified data security including Department of Defense (DoD) certification

To head its new VeriStor Capital division, VeriStor has appointed Bob Necessary as the division's president and CEO. Necessary is a veteran in the technology financing market with years of experience in building the financing programs and procurement practices that save companies valued working capital, while improving cash flow and saving money.

"With technology financing, companies can ensure that their mission critical systems are running at peak efficiency and that the daily operation of core networks, strategic applications, disaster recovery and data security are properly maintained, without concern for heavy investment and deployment costs," said Necessary. "It also enables businesses to implement the IT strategies necessary to stay ahead of the competition with a structured payment program that eliminates cost surprises and assures predictability."

For more information about VeriStor Capital, please visit: www.veristor.com.

About VeriStor Systems, Inc.

Headquartered in Atlanta, Ga., VeriStor Systems is a Solutions Architecture firm specializing exclusively in enterprise data storage, virtual infrastructure, cloud-based disaster recovery and technology financing. VeriStor's integrated solutions include Storage, Server and Desktop Virtualization, Virtual IO & Consolidated Fabric, Fibre Channel and iSCSI Storage Area Networks (SANs), Network Attached Storage (NAS), De-Duplication, Backup and Recovery, Data Replication, Information Lifecycle Management (ILM) and Compliance Archiving. With more than 300 customers, VeriStor specializes in enterprise and mid-market companies in all industries throughout the Southeast including financial services, manufacturing, healthcare, education and federal, state and local government. More information can be found at http://www.veristor.com.

SOURCE VeriStor Systems