Companies to Offer a Package of Leased-Financed Deployment Solutions
Boca Raton, FL - July 5, 2006 - Technology Infrastructure Solutions (”TIS”) Inc., a technology services firm focused on the deployment of network technology, announced that it has entered into an agreement with CIT Systems Leasing to offer enterprise customers access to financing for a comprehensive package of equipment and deployment services.
In announcing the agreement, Raul Pupo, Chief Executive Officer of TIS, stated: “Large capital acquisitions required to undertake complex technology deployments are an impediment which can inhibit a company’s competitive strategy and stymie growth. In addition, a company’s working capital position can be seriously eroded by taking on a large capital expenditure. We are excited about working with CIT because the Company’s lease financing solutions will allow customers to aggressively pursue their technology deployment strategies while protecting working capital for other corporate purposes.”
Larry Graves, Managing Director for CIT Systems Leasing, indicated that the agreement with TIS means “More customers will now have access to world-class deployment services because the TIS/CIT partnership will offer customized financing solutions that can enable these deployments. CIT Systems Leasing’s ability to tailor financing solutions that can embrace both hard and soft assets ensures timely technology deployments without the risk of negatively impacting working capital. The partnership between TIS and CIT offers customers the best of all possible worlds.”
About Technology Infrastructure Solutions, Inc.
Technology Infrastructure Solutions (”TIS”) is a supply chain provider of technology services. The Company utilizes a software-enabled implementation model and “best practices” structured processes to ensure consistent outcomes. Technology Infrastructure Solutions’ customers include Fortune 1000 companies with large, complex, multi-branch environments as well as world-class technology providers. The Company’s 100,000 sq. ft. Integration Center is “best-in-its-class” for staging and configuring logistically complex customer rollouts. For more information about TIS visit www.deployTIS.com.
About CIT Systems Leasing
CIT Systems Leasing, a unit of CIT Group Inc., provides equipment financing, leasing, and remarketing for high-tech assets and capital equipment. The ability to structure large, complex transactions and offer value-added services, including online asset tracking and strategic advisory services, has helped CIT Systems Leasing become one of the largest independent lessors of IT equipment in North America.
About CIT
CIT Group Inc., a leading commercial and consumer finance company, provides clients with financing and leasing products and advisory services. Founded in 1908, CIT has more than $67 billion in assets under management and possesses the financial resources, industry expertise and product knowledge to serve the needs of clients across approximately 30 industries worldwide. CIT, a Fortune 500 company and a member of the S&P 500 Index, holds leading positions in vendor financing, factoring, equipment and transportation financing, Small Business Administration loans, and asset-based lending. With its global headquarters in New York City, CIT has more than 6,700 employees in locations throughout North America, Europe, Latin America, and the Pacific Rim. www.CIT.com.