IBM offering $US4 billion in credit through partners
- 15 November, 2012 14:33
IBM is offering $US4 billion in new credit to customers through its partner channel, and has also developed a new mobile application to help them get financing quickly, the company announced Thursday.
The move follows a $US1 billion credit allocation IBM announced last year for small and medium-size businesses. As a result of that offer, some 6,800 global companies took advantage of financing to buy IBM products and services within a year, instead of an expected 18 months, IBM said in a statement.
IBM's new Global Financing mobile application will be rolled out in the U.S. this month. A worldwide release will start in January, beginning in China.
The application will allow partners to "provide their clients with price proposals and generate credit approvals within minutes using an iPad, iPhone or Android mobile device," on deals valued at up to $500,000, IBM said.
Financing packages will begin as low as zero-percent interest for one year, with no down payment required, according to IBM. Offers will be available through partners in more than 50 countries, it added.
The move seems aimed at getting businesses to continue making IT purchases even as credit markets remain tight and the global economy is on uncertain footing.
IBM itself is well positioned to offer the credit line, having $US12.3 billion in cash on hand as of the quarter ended September 30.
Its announcement comes just days after rival hardware and software vendor Hewlett-Packard expanded its own partner financing program.
Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris' email address is Chris_Kanaracus@idg.com
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.
Queensland government to provide 200 services online by 2015
Call Centers Suffer From Big Data Overload
CIO 100: Carsales wins top gong for innovation
How to secure passwords and other critical numbers
Australian National University streamlines IT
Delivering Enterprise Information Securely on Android and Apple Devices
This whitepaper describes, from an IT perspective, the issues that arise when allowing Android and iOS-based tablets and smartphones into the enterprise network—and the steps IT must take to maintain control while encouraging productivity and mobility. We outline the security considerations, risk mitigation options and the architecture required to support tablets and smartphones as consumer-grade devices accessing sensitive enterprise data. Download to find out more!
Top 10 tips for Migration
As users bring multiple devices to the workplace, IT departments need to have a single view of all their mobile devices. Find out how to build a secure and reliable management platform for next generation mobile computing across multiple platforms. Click for more!
At one point, it seemed that phishing was receding to the status of a minor issue threatening only naïve consumers. However new cybercriminals and phishing techniques have lead this to become a greater concern. Download how to find out how phishing became the No. 1 web threat, and which web security solution can best protect your company.