Aug 12, 2008 : LTI Secures $2m Financing Facility

📅 August 12, 2008 - Managed hosting provider Leveraged Technology, Inc. (lev-tech.com) announced on Tuesday that it has secured a $2 million financing facility from De Lage Landen Commercial Finance (delagelanden.com).

"The funding comes at a time when LTI is poised to build upon its strengths in providing managed service solutions, and to support our clients by extending our offerings through the implementation of new and emerging technologies," says Steven H. Rothman, president and CEO of Leveraged Technology. "Our customers have encouraged us to become their total managed service provider and we intend to meet their evolving business requirements by doing just that."

LTI will use the funding to accelerate its business growth initiatives in the areas of managed insourced and outsourced solutions, Cisco powered managed VoIP solutions, Citrix powered remote desktop and infrastructure solutions and many other new offerings to be announced.

De Lage Landen says it provides high-quality asset-based financing products. Headquartered in Eindhoven, the Netherlands, De Lage Landen is a wholly owned subsidiary of the Dutch Rabobank Group with offices and joint ventures in more than 30 countries worldwide.

The financing company focuses on asset financing and vendor finance programs worldwide, with a range of commercial finance solutions available.

The company focuses on the following industries: food and agriculture, healthcare, office equipment, technology, financial institutions, transportation and materials handling and construction. De Lage Landen also offers private-label leasing programs for the banking industry, and delivers a range of financial services to leasing organizations and non-banking financial institutions.

Leveraged Technology offers solutions in the areas of access, convergence, consolidation, ITIL, business process/project management, VoIP and virtualization.

The company also provides a range of managed services, insourced managed help desk and NOC, including system monitoring and management, hosting, security management, IP telephony management, IT support, and IT staffing and training services.

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