México City, May 14, 2014 ‑ Cisco Capital®, a wholly owned subsidiary of Cisco, today announced that it has established operations in Mexico, expanding its financing capabilities in Latin America. Mexico is the first country in Latin America in which Cisco Capital will provide direct local financing to customers, complementing its existing network of financing partners in the region. Now, Mexican customers will have access to pure leases, finance leases, loans and installment sale, directly, in either Mexican pesos or US dollars.
“This represents a significant milestone for Cisco Capital and our customers in Latin America,” said Kristine A. Snow, president of Cisco Capital. “This is the first time we have had direct operations in this region, which will help Mexican businesses acquire new technologies with flexible and competitive direct financing options, including local currency offers.”
Deciding how to invest in technology is just as important as choosing the right solution for the business. Cisco Capital financing makes it easier for customers to acquire the technology they need, meet ongoing technology refresh requirements, reduce total customer cost of ownership, and have the flexibility to use payment schedules to match cash flow and budget.
“Cisco is highly committed to its operation in Mexico,” said Rogelio Velasco, vice president of Cisco Mexico. “This investment is one component of the overall plan that the company has for the country in order to contribute to the economic growth, technology evolution and job creation.”
Cisco Capital is a world-class financial services organization specializing in financing networking and communications technology and services for Cisco customers and channel partners in over 100 countries around the world. As the financing arm of the larger Cisco organization, Cisco Capital has a unique understanding of Cisco-based solutions and technologies and can tailor its finance offerings for customers based on how those technologies are typically deployed and consumed.
For more information visit http://www.cisco.com/web/LA/productos/ciscocapital/index.html#~finance
About Cisco
Cisco (NASDAQ: CSCO) is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected. For ongoing news, please go to http://thenetwork.cisco.com.
Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
