Cisco introduces easy lease program for SMBs 

Cybermedia News

New Delhi: Cisco Capital has announced the launch of easy lease in India to
help small and medium-sized businesses (SMBs) and midsize companies invest in
smart data and communications solutions. This financing program is designed to
enable SMBs to adopt network technology quickly and easily, with minimal initial
investment and maximum convenience, Cisco said in a statement.

Easy lease makes it simple for SMBs to invest in the information technology
they need to grow their businesses. By making payments on a monthly or quarterly
basis, SMBs can maintain consistent and balanced operating and capital
expenditures. Easy lease offers streamlined lease documentation, flexible
payment options and fast turnaround, the statement added.

According to a recent study by AMI Partners, small and medium-sized
businesses in India (those with fewer than 1,000 employees) are planning to
spend more than $8 billion in 2007 to beef up their IT infrastructures, which
represents a robust 24 per cent increase from last year.

“Indian SMBs understand the critical transformative impact that technology can
have on their businesses, but are too often hampered by budget issues that
restrict their ability to purchase the equipment they need,” said Gautam
Munish, Leasing Country Manager for Cisco Capital India. “This competitive
financing offer from Cisco Capital puts Cisco technology within the reach of
more SMBs, enabling them to equip their workforces with the latest
communications and information technologies and improve productivity,” he
added.

Cisco Capital financing in India is available through Cisco certified channel
partners for all Cisco products and services. The program is currently available
at a special rate of seven per cent for a 12 - 36 month term. The program can
provide financing for transactions ranging from Rs 10 lakh to Rs 80 lakh.