Program to Feature Customized, Flexible Options for Procurement of Brocade Products and Services
Brocade® (Nasdaq:BRCD) today introduced Brocade Capital Solutions, a private-label captive financing program, through which Brocade and a network of qualified business partners and financial services firms will offer customers tailor-made financial options that encompass and complement all of Brocade's technical and support portfolio.
The program is designed to enhance and expand Brocade's relationships with its customers and help Brocade better respond to competitive and business pressures in today's market. Customers can now turn to Brocade Capital Solutions to invest in Brocade technologies and services they need now and spread the payments over the period of the lease by bundling hardware, software, maintenance and training costs into one, low monthly payment.
Brocade today unveiled two specific financing programs to provide customers low-cost options in procuring solutions:
- A three-year, "same as cash" (0% financing) plan;
- A plan offering no payment for 90 days and 2.9% financing for a three-year lease thereafter.
Both financing plans apply to select hardware and software in the Brocade networking portfolio.
Programs such as Brocade Capital Solutions are becoming more business-critical with customers according to a survey by IDC*, which predicts that the worldwide market for IT leasing and financing will grow from nearly $90 billion in 2008 to more than $125 billion by 2011. Some of the most frequently mentioned benefits for IT leasing cited by customers include:
- Protection against equipment obsolescence;
- Freeing up capital for other uses;
- Providing the opportunity to better balance project costs with benefits.
"The goal is to provide our customers more options in the way they are able to acquire Brocade solutions and manage the lifecycle costs of those assets," said Jean Furter, vice president and Treasurer at Brocade. "Through Brocade Capital Solutions, we address our own long-term business strategy of growing our business while meeting an increasingly important customer demand."
Availability
Brocade Capital Solutions is now available through Brocade to customers in the United States. Brocade plans to make the program available worldwide and through its authorized channel partners in the future. For more information, please visit: http://www.brocade.com/services-support/financing/index.page
* Source: IDC, Economic Crisis Response: Worldwide IT Leasing and Financing 2008-2012 Forecast Update: Volume for the Top 25 Countries, Doc #215516, December 2008
About Brocade
Brocade (Nasdaq:BRCD) develops extraordinary networking solutions that enable today's complex, data-intensive businesses to optimize information connectivity and maximize the business value of their data. For more information, visit www.brocade.com.
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Contacts:
Brocade
Public Relations
John Noh, 408-333-5108
jnoh@brocade.com
or
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Relations
Peter Ausnit, 408-333-4000
pausnit@brocade.com
