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Lenovo Canada Extends Financing Plan For Small-to-Medium Business Resellers

   

Lenovo Canada Extends Financing Plan For Small-to-Medium Business Resellers
Program continues to help SMB resellers with financing options

TORONTO, ON – March 18, 2013:  Lenovo Canada today announced it has collaborated with Tech Data Canada to expand the program by Lenovo Partner Credit to extend financing terms to small-to-medium business (SMB) resellers in Canada. The Lenovo Partner Credit program offers eligible resellers up to 60 days of interest free credit by extending indirect financing through distributors that now includes Tech Data Canada in addition to previously announced Supercom and Synnex.

The Lenovo Partner Credit program was created as a result of direct feedback from our SMB focused partner community -- specifically that cash conversion and working capital can be a challenge to growth,” said Stefan Bockhop, director channel sales Lenovo Canada. “Growing channel business is a team effort so we value the participation of distributors such as Tech Data Canada. Together we will continue to meet working capital objectives while enabling SMB resellers to have the ability to prosper in the Canadian economy.”

 “We’re proud to support Lenovo Canada with this valuable program that directly impacts financing for SMB resellers,” said Rick Reid, president of Tech Data Canada Corporation. “We interact with SMB resellers on a daily basis so we fully understand their needs and desires to grow strong in Canada.”

The Lenovo Partner Credit Program, a joint program between Lenovo and De Lage Landen, a global provider of high-quality asset-based financing products to manufacturers and distributors of capital goods, complements the existing end-user financing program, launched in June 2010. These programs give resellers powerful end-to-end solutions to address their own, as well as customer, requirements for available credit to finance PC acquisitions.

“We’re excited for the continued expansion of the Lenovo Partner Credit Program to Canadian Lenovo Resellers,” said G. Peter Horan, president & CEO – De Lage Landen Canada. “We’re proud to support the SMB financing product offering in the channel with the aim of enabling SMB resellers to successfully grow their business.”

The Lenovo Partner Credit program was first launched in June 2011, following Lenovo’s first Channel Partner Summit in the U.S. for SMB resellers, which focused on Lenovo’s channel strategy, products and programs to accelerate business in this high-growth segment. The Lenovo Partner Credit program continues to offer Registered Lenovo Resellers the benefits of a 60-day free inventory finance option in Canada. Resellers can access more details and contact information about Lenovo Financial Services programs at:www.lenovopartnernetwork.com/ca/financing.

Tech Data Canada is a leading distributor of IT products, logistics management and other value added services.

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About Lenovo
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$30 billion personal technology company – the second largest PC maker in the world and an emerging PC Plus leader – serving customers in more than 160 countries. Dedicated to building exceptionally engineered PCs and mobile internet devices, Lenovo’s business is built on product innovation, a highly-efficient global supply chain and strong strategic execution.  Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, the Company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile internet devices, including tablets and smart phones. Lenovo, a global Fortune 500 company, has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina.  For more information see
www.lenovo.com

CONTACT:
John Swinimer
Lenovo Canada
PR & Communications
jswinimer@lenovo.com
(416) 383-2874

Ann Cain:
Tech Data Canada Corporation
Manager, Communications
ann.cain@techdata.ca
(905).286-6743