CIT and Microsoft Financing Expand Global Financing Relationship to Serve North American Market
CIT Group Inc. (NYSE:CIT), a leading global commercial finance company, today announced the expansion of its global vendor financing relationship with Microsoft Corp. (NASDAQ:MSFT) into the United States and Canada. CIT currently provides vendor financing solutions for Microsoft’s products and services in France, Germany, Italy, South Korea, Switzerland and the United Kingdom.
“We are very excited to announce the expansion of our relationship with Microsoft,” said Kris Snow, Co-President of CIT Global Vendor Finance. “This announcement reflects the true global nature of our relationship and reflects CIT’s ability to provide commercial financing solutions for customers of the leading technology companies around the world. The extension of our relationship into the U.S. and Canadian markets further solidifies our position as the leading provider of vendor financing solutions in the world.”
Brian Madison, General Manager of Microsoft Financing at Microsoft, said, “This expanded agreement into North America, our largest market, will further enable Microsoft to meet more diverse customer needs for financing their software, services, and hardware. We chose CIT for their unique ability to deliver exceptional service and support to our broad base of customers.”
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About CIT
Founded in 1908, CIT (NYSE:CIT) is a global commercial finance company that provides financial products and advisory services to more than one million customers in over 50 countries across 30 industries. A leader in middle market financing, CIT has more than $80 billion in managed assets and provides financial solutions for more than half of the Fortune 1000. A member of the S&P 500 and Fortune 500, it maintains leading positions in asset-based, cash flow and small business administration lending, equipment leasing, vendor financing and factoring. The CIT brand platform, Capital Redefined, articulates its value proposition of providing its customers with the relationship, intellectual and financial capital to yield infinite possibilities. www.cit.com.
About Microsoft Financing
Microsoft Financing is a financing arm of Microsoft Corp. that is dedicated to making it easier to purchase Microsoft products through financing. Microsoft Financing forms partnerships with commercial financing institutions to deliver optimal customer financing solutions.
About Microsoft
Founded in 1975, Microsoft (Nasdaq:MSFT) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
Microsoft is a registered trademark of Microsoft Corp. in the United States and/or other countries.
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