Cisco launches Zero per cent finance to SMBs

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Bangalore, July 3(UNI) Cisco, the world leader in networking for internet, today announced the launch of Zero per cent Financing for 'Cisco Multi-year Services Programme' in India to help Small and Medium Business (SMB) units to meet their rising demand for technology.

The programme provided an interest-free financing package for multi-year contracts for Technical services, SMARTnet and Advanced Services programmes.

The programme in A-PAC countries like China, Hong Kong and Korea, besides India, would help SMBs looking for better technology to improve their business agility, operating efficiency and staff productivity, Mr G S Kumar, Senior Vice-President (Customer Advocacy), Cisco India and SAARC, said.

Speaking to reporters, he said that as part of the company's commitment to SMB market, Cisco Services strove to bring SMBs sophisticated services and solutions that have long been only affordable by larger enterprises.

''With introduction of these competitive offerings, we expect to see considerable growth in the SMB market,'' he said.

The zero per cent finance was being extended by Cisco's fully owned subsidiary Cisco Capital.

Cisco Capital Vice-President India and SAARC, Gautam Munish, said most SMBs had realised that technology was critical to enhance their competitiveness in the market, but termed it as an expense that put pressure on their cash flow.

''The Zero per cent Financing has been specially designed and introduced for SMBs to help them deal with this dilemma,'' he added.

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