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Local Tech Wire

MORRISVILLE, N.C. – , the world’s fourth largest PC maker, is launching a new financial services program for vendor as of June 1.

Lenovo is teaming with CIT Group for the launch of Lenovo Financial Services.

The service will begin first in North America. Lenovo’s global headquarters are based in Morrisville. Most of its operations are located in China.

“The creation of the Lenovo Financial Services program provides us the opportunity to offer financial services alternatives to our customers,” said Rory Read, Lenovo’s president and chief operating officer.

"This announcement demonstrates our commitment to providing our customers the best vendor financing experience possible, and we believe that the Lenovo Financial Services Program will allow us to focus on financing programs tailored to meet the specific needs of our customers,” he added.

Financial terms of the agreement with CIT were not disclosed.

The Lenovo program will include leasing and finance options.

“The program is designed to make it simple for Lenovo partners and customers to finance their technology solutions,” Lenovo said in the announcement. “It will help Lenovo customers who want to maximize their purchase power by obtaining the technology they need today, protecting against technology obsolescence, and preserving their capital for other uses.”