IBM Global Financing has announced that it is making $2 billion
(€1.4 billion) available to finance IT initiatives in key economic
stimulus projects throughout Europe, as well as another $1 billion
in the Asia-Pacific region.
“The financing will help organisations move ahead with IT
projects in 2009 while awaiting government funding,” the company
said.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Last month, the captive announced that it was making $2 billion
available for US businesses.
John Callies, general manager of IBM Global Financing said:
“[We] are extending our stimulus financing program to countries in
Europe and Asia-Pacific to help global recovery.”
The bulk of the $5 billion will be for financing smart
technology projects for credit-qualified customers.
“The recession is going to drive many organisations, public and
private, to make transformational changes in their IT environment.
However, without access to the correct financing offerings, a
significant set of opportunities will be lost,” said David
Mitchell, senior vice president at Ovum, the UK-based IT research
consultancy.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“This is a bold move by IBM to help accelerate stimulus benefits
into the current time frame,” he added.
Jason T Hesse
