Spectra Logic Introduces Leasing Program for Financial Flexibility and Cash Conservation

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BOULDER, Colo.—January 26, 2009 – In response to customer demand for flexible financing options for long-term storage investments, Spectra Logic is introducing Spectra Logic Financial Services, a leasing program to assist customers with limited budgets or uncertain data growth projections.  IT organizations can now maintain an agility that keeps pace with the technology curve, gain the most from their current technology assets, and utilize a limited amount of budgetary resources—all at the same time.

All of Spectra Logic’s tape and disk storage products, and even media are now available for lease, with up to 100 percent financing, and flexible payment timetables. 

Benefits of Spectra Logic’s lease program are customizable and include: deferred payment options; customized billing and reporting; delayed rent start, step or balloon payments; operating or capital leases; monthly or quarterly invoicing cycles;  invoicing to single or multiple locations per lease schedule; partial purchase/extension/return; single location for all returns; month-to-month billing on a line item basis; detailed monthly reconciliation reporting per schedule and tech center repair capability to minimize end- of-lease charges.

Businesses can take advantage of the program’s flexibility and realize the following gains:
• Improved storage administration and investments
• Simplified buying process
• Increased cash flow and buying power
• Financial flexibility
• Protect data today, pay tomorrow

"Spectra Logic’s Financial Services program helps customers predict monthly expenses, minimize budget reporting and practically eliminates surprises," said Stephen Fether, Spectra Logic’s corporate controller. "The leasing program lets users remain current with market-leading technology while conserving cash and distributes acquisition costs over time."

About Spectra Logic Corporation                                                                                                                     
Spectra Logic custom-builds innovative backup and archive solutions for secondary storage, to protect data after it migrates from primary disk.  More than 20,000 companies worldwide have implemented Spectra Logic solutions to address tiered storage needs. With Spectra Logic solutions, no single technology is advocated at any customer site.  Instead, Spectra architects a customized blend of software and hardware to create the right solution to meet each customer’s needs.  Spectra Logic solutions provide features that are built in, not bolted on, so customers can easily add capacity, encryption, deduplication, energy monitoring, media health reporting, and much more—in the field, when needs change.  Spectra Logic is available 24×7 to provide the best in support, worldwide. Spectra Logic’s corporate headquarters and US-based manufacturing has been located in Boulder, Colorado since the company’s founding in 1979.

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CONTACT: Spectra Logic, Leigh Grace, 704-231-9789, leighg@spectralogic.com Twitter: @leighgrace

Spectra and the Spectra Logic logo are registered trademarks of Spectra Logic Corporation. All rights reserved worldwide. All other trademarks and registered trademarks are the property of their respective owners.