OREANDA-NEWS. October 14, 2009. In partnership with financial divisions of major IT vendors (including EMC Global Financial Services, Hewlett Packard Financial Services, Sun Microsystems Global Financial Services, Fujitsu Technology Solutions) and leading global financial institutions (De Lage Landen Leasing Russia, Societe Generale Equipment Finance Russia, Raiffeisen Leasing) CROC has developed a new IT project financing program for its customers which includes:

Financing assistance (in the form of hardware leasing or credits to purchase software licenses)

Provision of credit with suppliers

Project financing solutions

Asset management arrangement (trade-in of obsolete equipment and incremental payment plans for IT solutions)

"IT project financing plans are now an integral part of the services offered by IT companies as they help our customers respond to increasingly challenging financial conditions. CROC is willing to offer our experience and knowledge to help our customers raise funds for their IT projects and has worked as a complex IT solutions supplier and integrator in partnership with a number of financial institutions since 1997. In addition, CROC has provided a wide range of high-tech equipment as part of large-scale projects with Perm Motor Plant, Essen Production AG, Integra Management, Aeroflot Russian Airlines, and IRKUT Corporation," says Natalia Gribanova, Chief Financial Officer, CROC.

Andrey Sholkin, Vice President for IT, Integra Group, comments: "The changing financial landscape encouraged us to search for financial instruments that simplify IT project financing. A great advantage of leasing is the fact that it provides customers with an opportunity to arrange a structured payment schedule in accordance with their IT budgets and to keep purchased hardware on the balance sheet of both the company and the financial institution. Another clear advantage of leasing is the fact that it allows companies to easily return hardware to vendors and to upgrade their IT infrastructure either through the purchase of new equipment or via continued leasing and ultimate equipment purchase."