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GE Capital Introduces New Financing Program for Polycom's Commercial Customers

May 06, 2014

GE Capital’s Equipment Finance has launched its global financing program for Polycom’s (News - Alert) commercial customers.  Polycom is a major player in secure and flexible video, voice and content management solutions.

“We are committed to meeting our customers’ total business needs by providing high-quality and cost-effective solutions,” said Walt Boileau, vice president and corporate treasurer of Polycom, in a statement.

Boileau said that this new program gives the company’s customers another means to invest in business-critical collaboration technology that can help them overcome the barriers of location, time and culture to compete more effectively.

GE Capital, Equipment Finance operates more than 40 vendor financing programs, providing billions of dollars annually to support equipment manufacturers and dealer networks.

Jim Kelly, managing director of GE Capital’s vendor finance business said that by closely aligning today’s rapidly changing business requirements with customers’ financing needs, manufacturers of all types can drive product sales.

With long-term relationships and dedicated channel support, GE Capital’s vendor finance works with small, medium and large enterprises as well as state and local governments.

Within the IT space, vendor finance operates programs related to software, hardware and accompanying services.

Kelly said that financing allows companies to conserve cash while procuring critical technologies.  GE Capital’s commercial distribution finance business currently provides wholesale financing for purchases of Polycom solutions by information technology distributors and solution providers.

TMCnet in February reported that Polycom has introduced a new portfolio of video software, services and hardware solutions. These new solutions take out the complexity from delivering video while enhancing the user experience.

These new solutions include hybrid and on-premises video solutions, which provide flexible options to the users. Other benefits like scalability, reliability and security are present in these solutions as well.

Polycom has also unveiled RealPresence One, which allows users to subscribe to virtualized collaboration. Other solutions include Polycom RealPresence Platform, Virtual Editions; Polycom RealPresence Immersive Studio; and Polycom RealPresence Media Manager v6.6.

Polycom RealPresence One and Polycom RealPresence Platform (Virtual Editions) are immediately available for shipping in some countries.

Edited by Maurice Nagle

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