Joint Relationship to Provide Visionary Leasing Packages - Flexible IT Purchasing Options for Enterprise Users
NEWBURY, ENGLAND - In a continuing effort to serve the enterprise market, Enterasys Networks™, a leader in secure, available and mobile enterprise communications solutions, today announced De Lage Landen (DLL) Technology Finance UK Limited, a leading provider of high-quality asset-based financing, as its preferred leasing partner across Europe, Middle East & Africa (EMEA). The joint relationship is designed to provide enterprise users with a wide variety of visionary leasing options when purchasing Enterasys’ array of high-performance network solutions.
The portfolio will include specialised leasing packages for Enterasys hardware and software products, as well as services and maintenance options. The range will also encompass “technology refresh”, a flexible package that allows users to seamlessly upgrade to the latest technology during the period of their lease. The full portfolio of leasing packages will debut across the UK from July 2001 and will be available through Enterasys authorised partners. Full European coverage is expected to be available from September 2001.
“I am extremely pleased to be able to welcome DLL Finance UK Limited to the Enterasys UK team. By working together, and with our partners, we will be able to provide enterprise users with world class, flexible packaged leasing options for Enterasys solutions. Allowing users to invest in new technology and spread the financing over a longer period of time, ensures a wider range of users can gain access to and keep abreast of new solutions relevant to their business requirements,” comments Vice President for UK & Ireland, Stefan Michal.
“We are delighted to be partnering with Enterasys at this exciting stage of their growth and development. Having already worked with Enterasys towards the successful conclusion of a number of key transactions in the UK and mainland Europe, DLL Technology Finance is confident that the benefits of this partnership will add real value to Enterasys and their channel
partners,” concludes Gary Abson, Sales Manager for DLL Technology Finance UK Ltd.
About DLL Finance UK Limited
DLL, part of the Dutch Rabobank group - an international Allfinanz with a 250 billion Euro balance sheet and a triple "A" credit rating - has its head office in Eindhoven, and is an international provider of top quality asset based financing solutions. The company has offices and Joint Ventures in 17 countries throughout Europe and the Americas, specialising in asset financing and vendor finance programmes internationally and domestically in key market sectors.
For more information: <http://www.delagelanden.com>
About Enterasys Networks
Enterasys Networks is a new type of company that combines a single market focus with a strong technology heritage to provide communications infrastructures for enterprise-class customers. Enterasys' networking hardware and software offerings deliver the innovative security, availability and mobility solutions required by Global 2000 organizations, coupled with the industry's strongest service and support. Based in Rochester, New Hampshire, Enterasys is backed by Silver Lake Partners and Cabletron Systems (NYSE: CS), and was named a "Company to Watch in 2001" by CIO Magazine. For more information, visit enterasys.com <http://www.enterasys.com/>.
This release may contain projections or other forward-looking statements regarding the future financial performance of the Company or other future events and circumstances. Such forward-looking statements by their nature involve risks and uncertainties, and actual results or events could differ materially. Risks that could cause actual events or results to differ materially from those in described in the projections or forward-looking statements include business disruption and market perceptions associated with the Company's plan to transform its business into four independent operating subsidiaries, as well as risks associated with competitive conditions, pricing and margin pressures as a result of product shifts and changes in market dynamics, greater use of, and expenses associate with, distributors and resellers, limited management resources, the Company's acquisition strategy, volatility in the stock markets and market valuations being placed on communications infrast!
ructure and service companies, technological changes, intellectual property protection and related issues, dependence on suppliers and contract manufacturers, and potential volatility in operating results, among others. For a more detailed discussion of these and other risks and uncertainties related to the company's business, please refer to the Company’s most recent filings with the Securities and Exchange Commission, including the Company’s most recent annual report on Form 10-K, and the Company's other recent reports on Form10-Q and Form 8-K.
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Martin Brindley/Adrian Brophy
MCC International Ltd
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