LifeSize Communications, a division of Logitech (Nasdaq: LOGI) (SIX: LOGN), now offers a private label finance offering for its customers in the U.S. and Canada through a partnership with TAMCO, a leading independent financial solutions provider. LifeSize Flexible Leasing™, powered by TAMCO, provides two financing options for customers of its high definition (HD) video conferencing solutions: Smart Lease™ and a traditional capital lease.
With the Smart Lease program, customers pay a monthly fee for use with the flexibility to move to a new LifeSize video conferencing solution without financial penalty anytime during their contract term. The more traditional capital lease (termed a $1 Buyout Lease in the U.S. and a $10 Buyout in Canada), allows customers to purchase their equipment at the end of the lease term for one dollar (or $10 in Canada).
“LifeSize Flexible Leasing offers unique acquisition options to our customers who are eager to experience the benefits of our HD video conferencing technologies today and take advantage of our continual product innovation, without worrying about a large capital outlay,” said Joe Vitalone, LifeSize vice president of sales for Americas. “TAMCO offers exceptional financial service options and are an ideal partner to provide these services to our clients.”
As the economic downturn continues to impact businesses, HD video conferencing is in high demand as a viable tool to reduce expenses and improve communication and productivity. LifeSize HD video communications enable face-to-face communications at a distance as naturally as being in the same room, with a high quality of experience over lower bandwidths, which ultimately reduces the total cost of ownership. From the home or work PC to the conference room to the telepresence suite, LifeSize solutions are deployed in more than 10,000 organizations in 80 countries around the world.
"With the rapid advancement of video conferencing technology and the new economy demonstrating to us that cash reserves are more sacred than ever before, LifeSize Flexible Leasing will allow customers to enjoy the best technology available for their business today without significant cash outlays while also alleviating their concerns of technological obsolescence," explains Paul Metzheiser, executive vice president, sales and marketing at TAMCO. "Partnering with LifeSize on the Smart Lease program allows us to offer new solutions and opportunities for LifeSize partners and their customers."