IBM Global Financing and Juniper Networks Announce Financing Program for Juniper Resellers and End-User Customers
ARMONK, NY, Sept, 19, 2006 - IBM Global Financing announced today that it has signed a five-year agreement to provide Juniper Networks, Inc. (NASDAQ: JNPR) with a leasing and financing program.
The financing will be used to provide Juniper's worldwide corporate and small-business customers with a wide variety of payment plans to acquire the company's hardware, software and services. In addition, IBM Global Financing will provide asset-backed, inventory and floor-financing for Juniper's business partners in Europe.
"This marks an important step in the evolution of our company," said Frank Vitagliano, vice president Worldwide Channels and U.S. Enterprise Operations at Juniper Networks. "Our competitive positioning in the marketplace is strong, and this new relationship with IBM Global Financing partners us with the world's leading IT financing company. As we focus on accelerating growth opportunities with corporate and small-business customers, we couldn't ask for a better partner than IBM."
"Juniper is a rapidly growing networking company and IBM Global Financing is pleased to have been selected as a key partner. Our extensive country reach, large global sales team and significant customer base will help drive Juniper's corporate growth plans," said John Callies, general manager of IBM Global Financing. "Juniper has excellent growth potential and we're proud to play a role in its future."
About IBM Global Financing
IBM Global Financing (IGF), the financing business segment of IBM and the world's premier single-source provider for multivendor IT financing solutions, serves commercial clients ranging from small businesses to the majority of the Fortune 100. With assets of $31 billion worldwide, IGF provides project financing, commercial financing and asset-recovery services to 125,000 clients in more than 40 countries. Additional information can be found at http://www-03.ibm.com/financing/us/
About Juniper Networks
Juniper Networks is the leader in enabling secure and assured communications over a single IP network. The company's purpose-built, high performance IP platforms enable customers to support many different services and applications at scale. Service providers, enterprises, governments and research and education institutions worldwide rely on Juniper Networks to deliver products for building networks that are tailored to the specific needs of their users, services and applications. Juniper Networks' portfolio of proven networking and security solutions supports the complex scale, security and performance requirements of the world's most demanding networks. Additional information can be found at www.juniper.net.
Juniper Networks and the Juniper Networks logo are registered trademarks of Juniper Networks, Inc. in the United States and other countries. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.