RESEARCH TRIANGLE PARK – Tech giants Cisco and HP are rolling out multi-billion-dollar programs to help customers who are strapped for cash during the virus crisis to buy their gear.
Cisco on Tuesday morning unveiled a “Business Resiliency Program” worth some $2.5 billion, the program designed to help customers make information technology investments now and pay for them later.
“Customers are trying to reconcile between the IT investments they need to make to enable their businesses to continue with the economic pressures they are now facing,” Kristine Snow, president of Cisco Capital, told CRN. “The Business Resiliency program allows customers to buy now, pay later.”
Find out details about the Cisco offering online.
Cisco operates one of its largest campuses in RTP.
Earlier, Hewlett Packard Enterprise said it would offer some $2 billion in financing as well as a “Payment Relief Program.”
“This is a challenging time to lead a business. Today more than ever, IT leaders and CFOs play a central role in ensuring financial health while continuing operations”, said Irv Rothman, President and CEO of HPE Financial Services. “At HPE Financial Services, we are committed to helping businesses align their priorities from an IT economics perspective and provide them with concrete solutions so they can move forward.”
