REDMOND, Wash., Mar. 3, 2003 — Microsoft Capital Corporation today announced details of an innovative new venture to enhance its financing program for small, midmarket and corporate customers. Total Solutions Financing from Microsoft Capital allows these businesses to finance a total solution purchased from a Microsoft® Certified Business Solutions Partner including the software, reseller partner services, ISV solutions and hardware at competitive rates and convenient terms.
Microsoft Capital Corporation, the customer financing arm of Microsoft Corp., will continue to provide business financing to customers, while De Lage Landen Financial Services Inc. of Wayne, Pa., will provide lease contract management services supporting the program.
De Lage Landen Financial Services is the North American subsidiary of De Lage Landen International BV of Eindhoven, Netherlands, and a leading international provider of high-quality asset-based financing products and services. De Lage Landen International is a wholly owned subsidiary of the Dutch Rabobank Group. Credit ratings of the major international ratings agencies show that Rabobank is the worlds most creditworthy privately held bank.
“We chose De Lage Landen to manage the lease contract management aspects of this program because of its expertise in domestic and international leasing and financing and because it is well respected within the industry,”
said David Kaminski, general manager of worldwide financial services with Microsoft Capital Corporation.
“With more than 30 years of experience, De Lage Landen has the in-depth knowledge of financing products and markets to expand our Total Solutions Financing program from Microsoft Capital and provide best-in-class lease contract management services. This is a strong example of the work Microsoft Capital is doing to create innovative programs that make it easier for our customers to fully realize their potential.”
Ronald Slaats, chairman of De Lage Landen Financial Services, said,
“We look forward to supporting Microsoft Capital and applying our extensive experience, both in the United States and internationally, to serving the customers of Microsoft Business Solutions. We have full-service capabilities in 20 countries around the world. Lease contract management is the type of creative business solution provided by our Outsourcing & Servicing Group, headed up by Vice President and General Manager Carlo van Kemenade, and just one of the ways we are able to add value for our customers.”
The Total Solutions Financing program from Microsoft Capital is available now through authorized Microsoft Business Solutions reselling partners in the United States. International availability is expected to be rolled out country by country later in 2003.
About De Lage Landen
De Lage Landen Financial Services is part of De Lage Landen International B.V., an international provider of high-quality asset-based financing products. The company, headquartered in Eindhoven (the Netherlands), is a wholly owned subsidiary of the Dutch Rabobank Group. Credit ratings of the major international ratings agencies show that Rabobank is the most creditworthy privately held bank in the world.
With offices and joint ventures in 20 countries throughout Europe, the Americas, Australia and New Zealand, De Lage Landen specializes in asset financing and vendor finance programs internationally, with a focus on the following industries: Agriculture and Food, Healthcare, IT, Materials Handling and Construction Equipment, Office Equipment, Telecom and Bank Outsourcing. Domestically, the company concentrates on a broad range of leasing and trade finance products.
In 2002 De Lage Landen grew its net profit to US $94.1 million and its balance sheet to US $12.9 billion in assets. For more information, visit our website at http://www.delagelanden.com/ .
About Microsoft Business Solutions
Microsoft Business Solutions, a division of Microsoft, offers a wide range of integrated, end-to-end business applications and services designed to help small, midmarket and corporate businesses become more connected with customers, employees, partners and suppliers. Microsoft Business Solutions applications optimize strategic business processes across financial management, analytics, human resources management, project management, customer relationship management, field service management, supply chain management, e-commerce, manufacturing and retail management. The applications are designed to provide insight to help customers achieve business success. More information about Microsoft Business Solutions can be found at http://www.microsoft.com/businesssolutions/ .
About Microsoft
Founded in 1975, Microsoft (Nasdaq
“MSFT”
) is the worldwide leader in software, services and Internet technologies for personal and business computing. The company offers a wide range of products and services designed to empower people through great software any time, any place and on any device.
Microsoft is a registered trademark of Microsoft Corp. in the United States and/or other countries.
Microsoft Business Solutions is a subsidiary of Microsoft Corp.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
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