Lenovo Unwraps New Financing Plan for Small-to-Medium Business Resellers
Lenovo Unwraps New Financing Plan for Small-to-Medium Business Resellers
Partner Credit Program Extends Product Financing Up To 60 Days
Toronto, Ontario – January 20, 2012: Lenovo (HKSE: 992) (ADR: LNVGY) today announced a new program by Lenovo Financial Services to extend financing terms to small-to-medium business (SMB) resellers in Canada. The Lenovo Partner Credit program offers eligible resellers up to 60 days of interest free credit by extending indirect financing through Lenovo’s distributors: Supercom and Synnex.
“We’ve introduced the Lenovo Partner Credit program in direct response to feedback from our resellers who target SMB customers,” said Stefan Bockhop, Director of Channels, Lenovo Canada. “These partners have told us they need working capital solutions to grow their business. Resellers now have an industry-leading solution to meet working capital objectives and leverage profitable revenue growth.”
The Lenovo Partner Credit Program, a joint program between Lenovo and De Lage Landen, a global provider of high-quality asset-based financing products to manufacturers and distributors of capital goods, complements Lenovo Financial Services’ existing end-user financing program, launched in June 2010. These programs give resellers powerful end-to-end solutions to address their own, as well as customer, requirements for available credit to finance PC acquisitions.
”Following the success of the Lenovo Partner Credit Program in the U.S., we are excited to expand this product to Lenovo Resellers in the Canadian market,” said G. Peter Horan, President & CEO – De Lage Landen Canada. ”SMB financing is one of the core competencies of De Lage Landen and an underserved product offering in the channel.”
The Lenovo Partner Credit program was first launched in June 2011, following Lenovo’s first Channel Partner Summit in the U.S. for SMB resellers, which focused on Lenovo’s channel strategy, products and programs to accelerate business in this high-growth segment. Lenovo has experienced recent record growth as the fastest-growing of the top five PC manufacturers for six consecutive quarters and outgrowing the worldwide PC market for eight quarters in a row.
The Lenovo Partner Credit program continues to offer Registered Lenovo Resellers the benefits of a 60-day free inventory finance option in the U.S., and now Canada. Resellers can access more details and contact information about Lenovo Financial Services programs at: www.lenovopartnernetwork.com/ca/financing.
For the latest Lenovo news, subscribe to Lenovo RSS feeds or follow Lenovo on Twitter and Facebook.
About Lenovo
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$21 billion personal technology company – and the second largest PC company in the world, serving customers in more than 160 countries. Dedicated to building exceptionally engineered PCs and mobile internet devices, Lenovo’s business is built on product innovation, a highly-efficient global supply chain and strong strategic execution. Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile internet devices, including tablets and smart phones. Lenovo has major research centres in Yamato, Japan; Beijing, China; and Raleigh, North Carolina. For more information, see www.lenovo.com.
About De Lage Landen
De Lage Landen, a fully owned subsidiary of Rabobank Group, specializes in asset-based financing programs for equipment manufacturers, dealers and distributors all over the world. Our programs cover our customers’ total distribution chain, as well as the entire lease lifecycle. We offer customers a single source for leasing, administration, risk and asset management solutions. De Lage Landen’s diversified solutions include car leasing in the European market and consumer finance and factoring in the Dutch home market.
Establishing a close and long-lasting relationship with our customers is at the heart of our company culture. This requires a genuine interest in and a thorough understanding of our customers’ business needs and goals. We partner with our customers to tailor solutions and develop programs that support mutual growth and profitability.
We care not only about our customers, but also about the communities in which we operate. We strive to have a positive social and environmental impact through our products and the way we conduct business.
For more information, please visit our website: www.delagelanden.com.
-30-
For more information, please contact:
Rejane Wilson/Cindy Watson
StrategicAmpersand Inc. (for Lenovo Canada)
rejane@stratamp.com / cindy@stratamp.com
Ann Mahdy
Lenovo Canada