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Cisco intros Easy Lease program for SMBs

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CIOL Bureau
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NEW DELHI, INDIA: 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.

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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.”

Cisco Capital financing in India is available through Cisco certified channel partners for all Cisco products and services. The Easy Lease program is currently available at a special rate of 7 per cent for a 12 - 36 month term. The program can provide financing for transactions ranging from Rs 10 lakhs to Rs 80 lakhs.

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