New retail offering expands on existing wholesale relationship
IRVING, TX, MAY 5, 2014 --- GE Capital's Equipment Finance business announced today a new financing program for commercial buyers of collaboration solutions developed by Polycom, Inc. (Nasdaq: PLCM). Based in San Jose, Calif., Polycom is a leader 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. "This new program gives our 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 is a long-time provider of financing for manufacturers and their end-user customers.
"By closely aligning today's rapidly changing business requirements with customers' financing needs, manufacturers of all types can drive product sales," said Jim Kelly, managing director of GE Capital's Vendor Finance business. "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.
Polycom helps organizations unleash the power of human collaboration. More than 400,000 companies and institutions worldwide defy distance with secure video, voice and content solutions from Polycom to increase productivity, speed time to market, provide better customer service, expand education and save lives. Polycom and its global partner ecosystem provide flexible collaboration solutions for any environment that deliver the best user experience, the broadest multi-vendor interoperability and unmatched investment protection. Visit www.polycom.com or connect with us on Twitter, Facebook, and LinkedIn to learn more.
About GE Capital, Equipment Finance
GE Capital, Equipment Finance operates more than 40 vendor financing programs, providing billions of dollars annually to support equipment manufacturers and dealer networks. With long-term relationships and dedicated channel support, 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.
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
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