Equipment Finance News

New European financing tie-up for BNP Paribas Leasing Solutions

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BNP Paribas Leasing Solutions has signed a partnership agreement with Brocade Capital Solutions to deliver Brocade leasing services in a range of countries throughout Europe.

The implementation includes the following countries: UK, Netherlands, Germany, France, Italy, Austria, Belgium and Spain. The agreement also covers India through a “Referral Agreement” with Srei BNP Paribas.

Under the terms of the agreement BNP Paribas Leasing Solutions will partner with Brocade to enhance its leasing capabilities, allowing businesses the flexibility to adopt networking infrastructure on flexible and financially attractive terms.

Founded in 1995, Brocade is an industry leader in providing reliable, high-performance network solutions aimed at helping companies move smoothly to a virtualized world where applications and information reside anywhere.

Headquartered in San Jose, California, the company has approximately 4000 employees worldwide and serves a wide range of industries and customers in more than 160 countries.

With a complete family of Ethernet, storage, and converged networking solutions, Brocade helps organizations achieve their most critical business objectives through: “unmatched simplicity to overcome today’s complexity; non-stop networking to maximize business uptime and optimized applications to increase business agility and gain a competitive advantage”.

Joseph Pulicano, managing director of BNP Paribas Leasing Solutions’ International Business Line ‘Technology Solutions’ (pictured) said: “Our strategy, in chosen markets, is to work with the best performers and as such, the signature of our partnership with Brocade is central to our ambitions in the Telecom space.

“Dedicated and specialized teams across Europe strive to improve customer satisfaction whilst delivering exceptional value to our partners and I am totally supporting the expansion of our relationship in the future.”

IT managers are expected to identify network solutions that can quickly accommodate ever-changing needs, yet they are restricted by financial limitations. With Brocade Leasing, organizations can refresh their network infrastructure and simply add or subtract capacity without the need for significant capital expenditure, allowing them to focus on scaling their business instead of their network infrastructure.

Marcus Jewell, Vice President EMEA at Brocade added: “With financing from Brocade, customers can turn on vast amounts of networking capacity, but do so in a flexible manner, such as bundling hardware, software, support contracts and professional services into one low monthly payment. Our agreement with BNP Paribas Leasing Solutions furthers our commitment to customers in helping them drive business transformation, while managing budgets in a prudent manner.”