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.
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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.
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By GlobalData“This is a bold move by IBM to help accelerate stimulus benefits
into the current time frame,” he added.
Jason T Hesse
