Emerson Network Power, data center infrastructure equipment vendor, announced a new financing option for customers looking to buy data center power, thermal management and monitoring prodicts.

The financing is done by First American Vendor Finance, which specializes in complex equipment acquisitions. The program offers 24-to-72-month fixed-rate data center infrastructure leasing options.

The new lease option was designed to allow Emerson customers the flexibility to upgrade infrastructure with monthly payments for equipment without the burden of a large initial capital outlay.

Jeff Sturgeon, sales president of Emerson's data center solutions business in North America, said, “Now more customers will have the opportunity to upgrade or expand their data center management needs with rapidly deployable solutions that cost effectively add data center capacity, improve IT control and increase efficiency to balance the most common data center objectives.”

First American is a subsidiary of City National Bank in Los Angeles, a commercial bank with US$29bn in assets.

Its financing offering for Emerson customers features include US$1 buyout, fixed buyout, end-of-lease flexibility, trade-in opportunities, no administrative fees and an online lease management system for asset tracking and lease information.