September 29, 2008
WatchGuard Debuts Financing Services for Network Security
SEATTLE, Sept. 29 /PRNewswire/ -- WatchGuard(R) Technologies, a global leader in extensible network security and connectivity solutions, today announced the availability of WatchGuard Finance (http://www.watchguard.com/finance/), a new service that provides customers with extensive choices and financing solutions that make the acquisition of integrated network security solutions more flexible and affordable. Effective immediately, all U.S. WatchGuard partners can leverage this unique private label financing service for 100 percent of project equipment, software, services and maintenance fees.
"Businesses today are being pummeled by a one-two punch of economic uncertainty and ever increasing network threats," said Mark Romano, director, global field marketing at WatchGuard Technologies. "With WatchGuard Finance, businesses and channel partners can leverage our financial solutions to help ensure positive cash flow, while maintaining best in class network security."
WatchGuard Finance provides several options for businesses to finance their network security needs. Qualified customers can finance 100 percent of project equipment, software, and labor for any project. Businesses can choose from extended payment plans that range from 30 days up to 60 months. This results in businesses having more control and better credit management by avoiding the need to pay network security costs up front.
Capital leases give customers the benefits of advanced depreciation under IRS Section 179. Most companies can write off 100 percent of the cost of new technology systems in the year of acquisition, up to $250,000. The resulting tax credit can cover as many as 14 monthly payments, helping to create positive project cash flow until well after ROI accrues.
WatchGuard is launching WatchGuard Finance as a new service offering in conjunction with Baytree Leasing Company, a national provider of branded vendor financing solutions. To this relationship, Baytree brings one of the most experienced management teams in the industry and an advanced sales support platform.
"In this time of financial market uncertainty, we at Baytree are proud to be growing our IT finance business with our unique, high-touch model when so many other financial options are disappearing from the market," stated Gary Morgan, Baytree Leasing's Executive Vice President.
"We could not be more excited about WatchGuard Finance, as it leverages all of the value adding services, such as the Whole Deal Workbook, vendor branded promotions and expert financial presales, that have won us a vital role in the sales cycle of a growing list of equipment manufacturers, software publishers and their reseller channels," continued Morgan.
More information about WatchGuard Finance is available at: http://www.watchguard.com/finance.
About WatchGuard Technologies, Inc.
Since 1996, WatchGuard(R) Technologies, Inc. has been the advanced technology leader of network security solutions, providing mission-critical security to hundreds of thousands of businesses worldwide. The WatchGuard family of wired and wireless unified threat management appliances and WatchGuard SSL VPN remote access solutions provide extensible network security, unparalleled network visibility, management and control. WatchGuard products are backed by WatchGuard LiveSecurity(R) Service, an innovative support, maintenance, and education program. WatchGuard is headquartered in Seattle and has offices serving North America, Europe, Asia Pacific, and Latin America. To learn more, visit http://www.watchguard.com/.
About Baytree Leasing Company, LLC
A subsidiary of a nationally chartered bank, Baytree Leasing is a direct lender 100% focused on providing extended payment plans to company purchasing equipment and/or software based solutions. A number of the largest, most respected names in the technology world use Baytree as their in-house source for vendor financing.
WatchGuard is a registered trademarks of WatchGuard Technologies, Inc. All other marks are property of their respective owners.
Chris McKie Jimme Peters WatchGuard Technologies 24/7 Consulting 206-613-3760 503-289-5354 [email protected] [email protected]
WatchGuard Technologies, Inc.
Web site: http://www.watchguard.com/