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IBM Offers $4B in Financing to Partners

By - Source: Toms IT Pro

 IBM Offers $4B in Financing to Partners IBM Offers $4B in Financing to PartnersIBM is promoting its cloud, analytics and PureSystems portfolio with a financing option.

The company said it will be providing $4 billion / 12 months in financing to the members of its Business Partner program. If the financing amount is below $500,000, customers can use a new mobile app to apply for financing.

According to the company, the financing offer includes multiple tiers, some starting at as low as 0 percent for 12 months with no money down. The company hopes that the program will build on the success of a previous $1 billion program launched in 2011, which prompted "6,800 global companies using financing in just 12 months versus an expected 18 months," IBM said. "Smaller businesses, in particular, exhibited a stronger than expected appetite for new technology, including analytics, cloud and advanced infrastructure."

Those who prefer to use smartphones or tablets to inquire about possible financing, can now use an iPad, iPhone or Android mobile device to receive price proposals and "generate credit approvals within minutes," IBM added. IBM Global Financing’s Rapid Online Financing tool will be rolled out in the U.S. this month and will become available in China in January 2013.

Wolfgang GruenerWolfgang GruenerWolfgang Gruener is a contributor to Tom's IT Pro. He is currently principal analyst at Ndicio Research, a market analysis firm that focuses on cloud computing and disruptive technologies, and maintains the blog. An 18-year veteran in IT journalism and market research, he previously published TG Daily and was managing editor of Tom's Hardware news, which he grew from a link collection in the early 2000s into one of the most comprehensive and trusted technology news sources.

See here for all of Wolfgang's Tom's IT Pro articles.

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