Business News
Presidio Technology Capital Provides Leasing and Financing Customers Access to Minority Business Enterprise (MBE) Funding
2008-08-14 04:00:00
Move enables customers seeking new IT infrastructure to thrive by supporting minority-owned businesses NORCROSS, Ga., Aug. 14 /EMWNews/ -- Presidio Technology Capital, the financial solutions subsidiary of Presidio, Inc., has announced that it now provides customers the option of leasing with a Minority Business Enterprise (MBE) funding source. Presidio Technology Capital will offer the MBE funding through a relationship with Specie Capital of Johnston, Iowa. The nationally approved MBE designation helps government, educational and healthcare organizations, as well as corporations, to identify minority businesses that can help them meet their charters to support such diverse businesses. "We are pleased to offer our customers this alternative when they seek financing for their IT and communications infrastructures," said Bob Necessary, President of Presidio Technology Capital. "Offering funding through Specie Capital demonstrates that we support minority-owned enterprises, a must in today's diverse business environments." According to Desmund Adams, President of Specie Capital, each company brings its own strengths to the relationship. "Specie Capital is excited for the opportunity to work with Presidio Technology Capital. Presidio Technology Capital is a recognized leader in technology financing. They are a solid company that understands the importance of diversity. Their commitment to supporting diversity in their community and with their customers will allow our relationship to grow." Presidio Technology Capital focuses exclusively on information technology leasing and financing, and has deep domain expertise and understanding of technology lifecycles. It offers midsize to large enterprises the advantages inherent in leasing network equipment and associated services, and in financing solutions encompassing IT infrastructure and managed outsourcing, both of which are offered by Presidio Networked Solutions. Many large companies have internal supplier diversity initiatives as a part of their corporate governance. These initiatives are often tied to annual expenditure percentages. In addition, corporations, healthcare firms and universities are often mandated to implement diversity initiatives as part of their government contracts. However, many of these organizations report challenges in meeting these goals. Presidio Technology Capital's new offering provides an immediate and significant means to impact diversity spending goals. Firms who attain MBE certification must pass a rigorous approval process and undergo an investigation by MBE agents, which examines a company's operations, management and finances. Firms must also demonstrate proof of past contracts, as evidence of expertise, strong business operations and effective management decisions. More information about Presidio Technology Capital and its offerings can be found at http://www.presidio.com.
About Presidio, Inc. Presidio, Inc., a diversified provider of information technology infrastructure and services, operates through three subsidiaries: Presidio Networked Solutions, Atlantix Global Systems, and Presidio Technology Capital. Presidio Networked Solutions addresses the complete technology lifecycle -- plan, design, integrate, operate and optimize -- for the enterprise, commercial and government markets. Atlantix Global Systems combines hardware and services to help provide more than 10,000 customers with a full lifecycle management process that enables customers to save time and maximize ROI. Presidio Technology Capital is the nation's premier IT infrastructure leasing company, providing flexible financing and leasing solutions for its customers. More information about Specie Capital and its offerings can be found at http://www.speciecapital.com. About Specie Capital, LLC Specie Capital is a nationally certified Minority Business Enterprise (MBE). Specie delivers national service capabilities for customers seeking expansion, strategic growth, improved productivity, or equipment upgrades. Specie Capital provides seamless access to financing that supports business needs and leases of any size. Whether it's a simple or complex lease agreement, we can provide the right financing arrangement to match the type of assets and length of use with a competitive market rate. Specie Capital serves our clients with professional, premier sales support. Our personalized account management ensures each financing arrangement is customized to the goals of the organization. Customers of Specie Capital can expect a keen business assessment, long-term solutions, timely responses and quality service. Specie Capital is a registered trademark of Specie Capital, LLC. Presidio, Presidio Networked Solutions and Presidio Technology Capital are trademarks or registered trademarks of Presidio, Inc.
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