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IBM Teams With CompuCom To Provide Total Solution Financing For Enterprise Clients


DALLAS - 12 Jul 2001: CompuCom, a leading digital infrastructure solutions provider, today announced an agreement with IBM Global Financing, the IT industry's leading financier. The agreement, targeted at helping clients manage IT assets and increase ROI, can provide a simple and competitive best in class lease solution to enterprise clients that consolidates IT financing needs for a full range of technology assets and services including hardware, software, and implementation services.

"Clients are looking for fast, cost-effective and efficient ways to implement technology solutions they need to enhance business operations,'' said Anthony F. Pellegrini, senior vice president of sales for CompuCom. "Combining CompuCom's acquisition, deployment, and support services with IBM Global Financing's proven financing solutions creates an ideal one-stop solution for clients.''

The agreement enables CompuCom clients to select, install, and manage strategic IT solutions while enhancing the return on their technology investment. Clients benefit from a competitive alternative to purchasing technology and services directly, as well as an effective tool to manage evolving technology needs. Through the relationship with CompuCom, clients can now enjoy a single-point-of-contact to acquire technology, services, and financing.

"Through IBM Global Financing,'' said Phil Morse, vice president, commercial and vendor financing for IBM Global Financing, Americas, "CompuCom clients will be able to deploy new IT solutions and support in line with their business needs. It enables CompuCom's clients to conserve capital, manage assets, and distribute the cost of implementation over time.''

Qualified customers can choose a single financing solution from IBM Global Financing that combines all elements of the most complex IT installations into a single financing solution to simplify the acquisition process. A single periodic invoice includes all leased and financed resources, which allows clients to benefit from simplified budgeting, planning, and accounts payable, thus enhancing the total value of transactions. Additional features include: improved liquidity, preserved credit lines, protection against inflation, flexible payment options, single source funding, and equipment disposal, to name a few.

Contact(s) information

J. Timothy Ohsann
IBM Media Relations
(914) 765-7747
ohsann@us.ibm.com

Julie Tunis Brown
CompuCom
(972) 856-3802
jtunis@compucom.com

Gigi Ilkay and Stacey Castiglia
A.B. Isacson Associates for CompuCom
(212) 529-4500 ext 209/206
gilkay@abipr.com/scastiglia@abipr.com

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Business partners
Business partner information including strategic alliances
Global Financing
Hardware leasing, software and services financing, commercial financing, inventory, accounts receivable, term loans, acquisition financing