LONDON, 9 July, 2009 – ShoreTel® (NASDAQ; SHOR), the leading provider of brilliantly simple IP phone systems with fully integrated Unified Communications, announced the expansion of its ShoreTel Financial Services offering in the United Kingdom, with a comprehensive range of payment programs aimed at helping channel partners boost sales. These new recession-beating financing options enable ShoreTel partners to offer customers an opportunity to overcome short-term cash flow or budgetary concerns, and invest in cost-effective technology.
The new ShoreTel Financial Services offering allows channel partners to propose a customer finance plan with no interest and the chance to spread the cost of their investment in ShoreTel technology over eight or 12 quarters. A second plan features a "payment holiday," enabling customers to install the new system and start rental payment three months later. Installation costs and ongoing service are included in one payment plan.
Organisations are increasingly discovering that it actually costs more to keep an existing communications solution than to switch to an IP-based telephony system. ShoreTel has partnered with Wyse Leasing, a leading provider of flexible finance solutions in the U.K., to provide financing options that enable organisations to preserve capital while reducing costs and protecting investments in pure IP technology.
"ShoreTel is offering a silver lining for businesses that are determined to weather the economic storm. Despite budget concerns, companies can still upgrade their outdated telephony systems and switch to more cost-effective communications technology. With a comprehensive and transparent ShoreTel finance plan, our resellers can offer customers a technology upgrade that is easy, effective and secure," said Mark Swendsen, ShoreTel managing director, EMEA.
About ShoreTel, Inc.
ShoreTel, Inc., (NASDAQ: SHOR) is the provider of brilliantly simple Unified Communication (UC) solutions based on its award-winning IP business phone system. We offer organizations of all sizes integrated, voice, video, data, and mobile communications on an open, distributed IP architecture that helps significantly reduce the complexity and costs typically associated with other solutions. The feature-rich ShoreTel UC system offers the lowest total cost of ownership (TCO) and the highest customer satisfaction in the industry, in part because it is easy to deploy, manage, scale and use. Increasingly, companies around the world are finding a competitive edge by replacing business-as-usual with new thinking, and choosing ShoreTel to handle their integrated business communication. ShoreTel is based in Sunnyvale, California, and has regional offices in Austin, Texas, United Kingdom, Sydney, Australia and Munich, Germany. For more information, visit www.shoretel.com.
About Wyse Leasing (Holdings) Ltd.
Founded in 1989, Wyse have grown to be one of the most prominent technology finance brokers in the U.K. supporting sales to both public and private enterprises. Based on the premise of offering highly tax efficient, fixed and flat rate rental plans the company has succeeded in developing many new routes to market. Specialist staff understands the complex nature of funding solutions involving multi-site and multi-level complexity. With traditional banking credit lines in a state of seizure the Wyse approach is a refreshing and available alternative. Wyse is a trade mark of Wyse Leasing (Holdings) Ltd., 20-21 Cottesbrooke Park, Heartlands, Daventry, Northamptonshire, NN11 8YL. Registered at Companies House 3338998. www.wyseleasing.com