Leveraged Technology, Inc. Secures Additional $2 million in Financing
New York, NY – July 13, 2009 - Leveraged Technology, Inc. (LTI), a leading provider of innovative Managed Services, IT solutions and Consulting services to Global 2000 and Mid-tier market companies, announced today that it has secured a $2 million financing facility from GE Capital, Commercial Distribution Finance.
“Despite challenging economic times, we’ve had great success with our managed solution offerings,” said Steven H. Rothman, President & CEO of Leveraged Technology, Inc. “we will continue to build upon our strengths in providing Managed Service Solutions, and to support our clients by extending our offerings through the implementation of new and emerging technologies. In addition, we have become certified from Cisco, Citrix, Microsoft, Symantec, RSA, HP, IBM, VMware, and EMC; which allows us to resell products from these manufacturers to our clients”
“We are pleased that our investors see and support our vision for the company. We are especially excited about our new solutions offerings; especially our 2 newly renovated state of the art Network Operation Centers, located in Woodbridge, New Jersey and New York, NY”, said Jayne Fitzgerald, COO of Leveraged Technology, Inc. “The funding will further the rapid growth of our business and customer base.”
LTI will use the funding to accelerate its business growth initiatives in the areas of Managed Insourced and Outsourced Solutions, Remote Desktop and Infrastructure Solution, Physical Security, and Staff Augmentation. The GE credit line will allow LTI to bring on major growth in the hiring of managed service employees. LTI can now fund an additional growth of twenty four million in additional business.
“We are pleased to contribute to the growth and success of LTI, as they expand their business, and sales efforts. We pride ourselves on providing industry leading commercial finance products that will help our customers thrive in today’s challenging economy.” said Michael Marcolina, director of sales for GE Capital, CDF.
About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance is a leading financing provider to manufacturers and their distributors. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management, e-commerce services and related financial products. Additional information can be found online at www.ge.com/cdf
About Leveraged Technology, Inc.
A pioneer in Service Desk Management technology since 1983, Leveraged Technology, Inc provides virtualization excellence. Through our proprietary operational “Insourcing” practices, we deliver complete Service Desk and IT solutions that enable enterprises and midsized companies alike to realize dramatically reduced operating costs and IT Infrastructure complexity. Our highly skilled consultants help you design, implement, and manage your virtual IT environment and realize the full value of your IT solutions investment. LTI’s leadership team brings extensive management and technology expertise from leading IT consulting services organizations and principal IT operating roles at enterprises and midsized organizations. The company’s customers include ISP Management Inc, Purdue, Chromalloy New York, Wyeth, FuelCell Energy, Bayer, LF USA, Lifetime Networks, sanofi-aventis, Bain Capital, Viacom, Prudential and Oxygen Media. For more information, please visit http://www.lev-tech.com
Leveraged Technology Inc.
432 Park Avenue South
New York, New York 10016
(800) 673-2241
212-453-1000
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Copyright © 2009 Leveraged Technology Inc. All Rights Reserved. 432 Park Ave. S, New York, N.Y. 10016. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.
Media Contact:
Shakirat Lajide
Marketing Manager
Leveraged Technology, Inc.
Phone: 212-453-1045
Email: shakirat.lajide@lev-tech.com