Cisco Extends Zero-Percent Financing in Europe to All Products and Solutions and Doubles Maximum Deal Size

Cisco Extends Zero-Percent Financing in Europe to All Products and Solutions and Doubles Maximum Deal Size

10th November 2009 - Cisco announced that it is expanding the Cisco CapitalSM EasyLease zero-percent financing program in Europe to include all Cisco® products and solutions, while also doubling the maximum deal size up to £200,000 or €250,000 until the end of July 2010. By dramatically expanding its popular zero-percent financing initiative, Cisco is providing European small and medium-sized companies with an innovative financing option to acquire the technology they need to grow their business.

EasyLease Offer Details:

• Zero-percent financing is available to help businesses make technology investments where Cisco technology accounts for 70% or more of the total value of the solution.
• Zero-percent financing agreements run for a maximum term of 36 months (42 months in Italy), subject to terms and conditions, and are available for the financing of Cisco solutions ranging in price from £1000/€1000 to £200,000/€250,000.
• EasyLease financing is available through Cisco Certified Partners and enables partners to deliver a complete end-to-end technology solution to their customers.
• The offer is currently available in Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the UK

Supporting Quotes:

Tim Shockley, European director for Cisco Capital, said:
"Extending zero-percent financing provides customers with the opportunity to invest in technology today, helping to boost productivity and efficiency with the latest Cisco equipment. At a time when capital budgets are limited, we are enabling businesses to prepare themselves to emerge stronger when the economy recovers."?

Owen Lloyd, Director, Axonex Ltd, Cisco Premier Certified Partner, said:
"Zero-percent finance has enabled us to provide an attractive financial option to our UK based customers. Now this has been extended to other countries, our European customers with limited Capex budgets will be able to invest in the latest Cisco technology, without impacting cash flow.”

Thierry Drilhon, vice president of worldwide channels, European Markets, Cisco, said:
"Financing is a key component of Cisco's ongoing commitment to help its channel partners navigate the economic downturn and accelerate in the upturn. With the expansion of EasyLease, we are helping European channel partners unlock deals, grow sales and increase profitability."