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Cisco Capital Launches Financing Program for Cisco Unified Communications Deployments in Asia Pacific
Zero Percent Progress Payments Program Provides Customers With 120-Day Deferral and Helps Channel Partners Manage Cash Flow
| Source: Cisco Systems, Inc.
SINGAPORE--(Marketwire - September 24, 2008) - Cisco Capital(SM), a wholly owned subsidiary of
Cisco (NASDAQ : CSCO ), today announced the launch of its Zero Percent
Progress Payments Program for the Cisco® Unified Communications system in
the Asia Pacific region. Designed to improve the affordability of unified
communications solutions for Cisco partners and customers, the program is
available until July 25, 2009.
Under the financing program, customers can defer payments for up to 120
days, without interest, during their Cisco Unified Communications system
deployment, and channel partners receive progress payments from Cisco
Capital when installation milestones are reached. The financing program is
designed to help customers when they are required to make deposits prior to
full deployment of unified communications projects, and to help Cisco
channel partners manage their cash flow on projects with long
implementation times.
"The unified communications market is experiencing tremendous growth in
Asia Pacific as organizations have begun to understand the flexibility and
power of the technology. In addition to the host of collaboration-solution
enhancements that Cisco announced today, we have also taken this step to
make it easier for partners to deploy, and for customers to acquire, Cisco
Unified Communications solutions," said Benny Lee, Cisco's managing
director of Unified Communications in Asia Pacific.
"Cisco Capital recognizes that Cisco Unified Communications deployments can
have cash flow impacts for both partners and customers when upfront
payments, or multiple payments, are required to be made to Cisco during
implementation," said Rajiv Menon, director of Cisco Capital in Asia
Pacific. "With this program, both partners and customers are able to better
manage expectations based on a structured deployment and payment schedule.
The Zero Percent Progress Payments Program has been available in the United
States and Canada for more than two years and is one of Cisco Capital's
most successful channel partner enablement tools."
Cisco channel partners must hold a Cisco Unified Communications
Specialization to qualify for this program. The minimum transaction size is
US$50,000. This program is not available in Vietnam, Indonesia or the
Philippines. For more information on the Zero Percent Progress Payments
Program in Asia Pacific, please visit www.cisco.com/go/capital.
About Cisco Systems Capital
Cisco Systems Capital Corporation, a wholly owned subsidiary of Cisco
Systems, Inc., specializes in financing networking and communications
solutions by providing innovative, flexible financial programs to Cisco
customers and channel partners worldwide. As part of Cisco's total
solution, Cisco Capital helps channel partners to manage cash flow, grow
sales and increase profitability, while offering attractive, flexible and
short-term financing solutions that make it possible for customers to
obtain higher credit lines and longer and more flexible terms that
ultimately help them build stronger and healthier businesses. Additionally,
Cisco Capital provides partner-only programs, financial incentives, tools,
and partner-friendly processes to add value, profitability and ease of use
to their projects. For more information, visit
www.cisco.com/go/ciscocapital.
About Cisco
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how people connect, communicate and collaborate. Information about Cisco
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