Cisco extends interest-free financing

EasyLease now available on all Cisco products and solutions

Cisco has extended its zero per cent financing programme in Europe in a move designed to unlock more deals for its resellers.

At its Velocity event in Paris, the networking big daddy announced that Cisco Capital’s EasyLease programme has been broadened to include all Cisco products and solutions.

The maximum deal value has also been doubled to £200,000 or €250,000 until July 2010.

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.”

Available through Cisco Certified partners, EasyLease financing is applicable to technology investments where Cisco accounts for 70 per cent of the deal. It runs for a maximum term of 36 months in most countries.

Tim Shockley, European director for Cisco Capital said: “At a time when capital budgets are limited, we are enabling businesses to prepare themselves to emerge stronger when the economy recovers.”