Cisco Capital Extends 0% Financing To Small And Medium- Sized Businesses
AMSTERDAM, Netherlands, July 6, 2006 - Cisco Systems® Capital has extended its Easy Lease 0% finance package to the end of December in order to help more small and medium-sized businesses (SMBs) and mid-market companies invest in smart data and communications solutions. Cisco Systems Capital is a wholly owned subsidiary of Cisco®.
Originally scheduled to close at the end of June 2006, the 0% finance package has proved popular among businesses wanting to strategically evolve their information technology (IT) and network infrastructures. The extension will allow more companies to cost-effectively invest in smart, simple and highly secure technologies that address short- and long-term business needs. These technologies can help minimise costs, speed up decision making, increase employee productivity and support better customer relationships.
As part of the Cisco Easy Lease technology-finance programme, the extended offer provides straightforward, flexible terms and fast credit processing. The interest-free payments are made monthly or quarterly, enabling businesses to maintain consistent and balanced operating and capital expenditures. This helps them to quickly and easily adopt state-of-the-art network technology, including Cisco Unified Communications products, with minimal initial investment.
The financing programme forms an integral part of Cisco’s tailored set of products and services specifically designed to help SMBs and mid-market companies increase their competitiveness with more efficient communications. This “whole offer” includes purpose-built and secure Internet Protocol (IP) products that handle voice and data information in addition to support, services and financing.
The Easy Lease 0% plan also enables Cisco channel partners to position themselves as strategic solution providers, because they can make this compelling offer to their own customers. The rapid payment terms also significantly improve a channel partner’s cash flow allowing it to focus more on deepening customer relationships.
SMBs recognise that technology can play a central role in achieving key business goals and becoming more competitive. Since its launch, the 0% Easy Lease offer has helped to remove budget issues, allowing companies to invest in the technology they require to improve business productivity.
For example, the IT Manager, Ramón Camins at Westinghouse Technology, an SMB in the IT industry based in Spain, has benefited from the package. “The solution from Cisco Capital has enabled us to rapidly deploy next-generation technology for competitive advantage now, while at the same time protecting our investment and avoiding the cash burden of purchasing.”
Nigel Jenkins, Director, European Markets, Cisco Systems Capital, said: “Since the Easy Lease 0% finance package was launched demand has been consistently high and it is clear that this package is instrumental in allowing small, medium and mid-sized companies to strategically invest in their IT.”
The interest-free financing package1 is available to Cisco channel partners and customers in the United Kingdom, Germany, France, Italy, Spain and the Netherlands until the end of this year. It runs for up to a 36-month term, and the minimum contract is for £1,000 or €1,000. To qualify for the offer, the solution purchased must comprise at least 70 per cent Cisco hardware, software and services.
About Cisco Systems Capital
Cisco Systems Capital is a wholly owned subsidiary of Cisco Systems Inc. Its expert financial consultants help meet the financial needs of companies of all sizes to ensure that their technology is up-to-date, and safeguard their capital expenditures budgets. It specialises in financing networks by providing innovative, flexible financial programs to Cisco Systems customers and channel partners. For more information, visit www.cisco.com/global/EMEA/cisco_capital/index.shtml
About Cisco Unified Communications system
The Cisco Unified Communications system is a new suite of voice, data and video products designed to help small, medium and mid market businesses communicate more effectively and improve productivity. For more information, visit http://www.cisco.com/go/unified
About Cisco Systems
Cisco Systems (NASDAQ: CSCO) is the worldwide leader in networking for the Internet. Cisco news and information are available at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com. Cisco equipment in Europe is supplied by Cisco Systems International BV, a wholly owned subsidiary of Cisco Systems, Inc.
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Cisco, Cisco Systems, the Cisco Systems logo, and Cisco Systems Capital are registered trademarks or trademarks of Cisco Systems, Inc. and/or its affiliates in the United States and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company. This document is Cisco Public Information.
1 The Cisco Capital 0% finance offer is subject to credit and equipment approval. Terms and conditions apply. Cisco Systems Capital reserves the right to withdraw this promotion at any time.
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