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GE Capital and Sophos Announce Floorplan Financing Agreement for Technology Resellers - GE Capital will provide inventory financing and working capital to security and data protection company Sophos Ltd. and their resellers in the Americas (NYSE: GE)
GE Capital and Sophos Announce Floorplan Financing Agreement for Technology Resellers

 

PRZOOM - /newswire/ - Hoffman Estates, IL, United States, 2011/03/25 - GE Capital will provide inventory financing and working capital to security and data protection company Sophos Ltd. and their resellers in the Americas (NYSE: GE). NYSE: GE

   
 
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GE Capital’s Commercial Distribution Finance (CDF) business announced today that it has entered into a new agreement with security and data protection company Sophos Ltd. to provide inventory financing and working capital to their resellers in the Americas. Since 2007, Sophos has sold its solutions exclusively via channel partners in the Americas.

"For more than 25 years, we’ve provided businesses with reliably engineered, easy-to-operate security solutions that help them defend their networks against threats,” said Matt Fogelgren, director of North American channel sales at Sophos. “By leveraging GE Capital’s financial and technology industry experience, we’re now able to extend efficient and consistent financing to our channel partners to help them further grow their businesses.”

“Working with technology vendors like Sophos that support their resellers during the sale and installation process is a critical part of our business,” said Tom Grathwohl, managing director of CDF’s technology finance unit. “We look forward to supporting smart growth for Sophos and its reseller network.”

About Sophos Ltd
More than 100 million users in 150 countries rely on Sophos’s security and data protection solutions. Sophos (sophos.com) offers award-winning encryption, endpoint security, web, email and network access control solutions backed by SophosLabs, a global network of threat intelligence centers.

About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance provided more than $30 billion in financing to 30,000 manufacturers and their distributors across the Americas in 2010. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management, e-commerce services and related financial products. For more information, visit americas.gecapital.com or follow company news via Twitter (@GEInventoryFin).

GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital).

GE (ge.com) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide.

Mark Chesney - GE Capital, Commercial Distribution Finance
P: +1 847 747 6518 / M: +1 847 544 9362 / E: Mark.Chesney1[.]ge.com.

 
 
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GE Capital and Sophos Announce Floorplan Financing Agreement for Technology Resellers

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Contact: Ned Reynolds - GE Capital, Americas 
203-229-5717 ned.reynolds[.]ge.com
 
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