Brocade announces a financing program, Brocade Capital Solutions

Brocade today introduced a private-label financing program known as Brocade
Capital Solutions. Through this solution, the company and a network of qualified
business partners and financial services firms will offer customers tailor-made
financial options that encompass and complement all of its technical and support
portfolio.

The program is designed to enhance and expand the company's relationships
with its customers and to help in responding to competition. With this program,
customers can invest in its technologies and services and spread the payments
over the period of lease by bundling hardware, software, maintenance and
training costs into one low monthly payment.

The company has unveiled two specific financing programs to provide customers
low-cost options in procuring solutions: a three-year, 'same as cash' (zero
percent financing) plan; and a plan offering no payment for 90 days at 2.9
percent financing for a three-year lease thereafter. Both financing plans apply
to selected hardware and software in the Brocade networking portfolio.

According to a survey by IDC, such programs are becoming more
business-critical with customers and the worldwide market for IT leasing and
financing will grow from nearly $90 billion in 2008 to more than $125 billion by
2011.

Some of the most frequently mentioned benefits for IT leasing cited by
customers include: protection against equipment obsolescence, freeing up capital
for other uses and providing the opportunity to better balance project costs
with benefits. "The goal is to provide our customers more options in the way in
which they are able to acquire Brocade solutions and can manage the lifecycle
costs of those assets," said Deb Dutta, VP, Brocade Asia Pacific. The program is
now available by Brocade to its customers in the United States. Brocade plans to
make the program available worldwide through its authorized channel partners in
the future.

DQC News Bureau