CIMdata PLM Industry Summary Online Archive
June 26, 2008
Financial News
Infor Announces Worldwide Customer Financing Program with IBM
Infor today announced a new financing relationship with IBM Global Financing, the lending and leasing business segment of IBM, and the largest IT financier in the world. The new agreement will enable Infor’s customers around the world to finance products from Infor’s entire line of enterprise business software, as well as complementary hardware and services, through IBM Global Financing. Under the terms of the agreement, Infor’s channel partners can also offer financing to their customers through IBM Global Financing.
“Most organizations today walk a narrow line between preserving day-to-day cash flow and making fiscally prudent investments to improve their business,” said Robin Pederson, chief operating officer, Infor. “The expansion of our relationship with IBM will help to make this decision easier.”
The new financing relationship provides many benefits to Infor's customers. For example, organizations can move forward with their technology initiatives while spreading up-front payments over time, conserving cash for other investments. Companies can also put technology to work immediately to establish a stronger competitive edge, rather than delaying until the next budget cycle. Additionally, customers who deploy Infor solutions on IBM technology, such as Infor ERP XA running on IBM System i, will realize further economic benefits through special promotions offered by IBM.
“IBM Global Financing is pleased to align with Infor and its channel partners for the benefit of their rapidly expanding customer base,” said Dan Ransdell, general manager, WW Client Financing, IBM Global Financing. “Limited access to capital in a tightening credit market is one of the largest inhibitors to enterprise investment today. Simple and flexible financing solutions put technology back within their reach with low up-front costs and regular, manageable payments.”
About IBM Global Financing
IBM Global Financing (IGF), the financing business segment of IBM and the world’s premier single-source provider for multi-vendor IT financing solutions, serves commercial clients ranging from small businesses to the majority of the Fortune 100. With assets of $38 billion worldwide, IGF provides project financing, commercial financing and asset-recovery services to 125,000 clients in more than 50 countries. Additional information can be found at http://www.ibm.com/financing.
About Infor
Infor delivers business-specific software to enterprising organizations. With experience built in, Infor’s solutions enable businesses of all sizes to be more enterprising and adapt to the rapid changes of a global marketplace. With more than 70,000 customers, Infor is changing what businesses expect from an enterprise software provider. For additional information, visit www.infor.com.
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