Cisco Capital signs first UAE deal with Emirates

Cisco's financing arm, Cisco Capital, has signed its first contract in the UAE

Tags: Cisco Systems IncorporatedEmirates GroupFinanceUnited Arab Emirates
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Cisco Capital signs first UAE deal with Emirates The deal will give Emirates Group the flexibility to expand its network as required.
By  Mark Sutton Published  May 5, 2010

Cisco Capital, the financing arm of Cisco, has announced its first ever deal in the UAE with airline and travel specialists Emirates Group.

The Emirates Group has signed a three-year contract, financed by Cisco Capital, to purchase Cisco SMARTnet support services, and network optimisation services. The deal is intended to provide flexible financing to the group, to develop its network infrastructure as necessary.

The services will be provided by Cisco Gold partner Gulf Business Machines along with Cisco itself.

The deal is the first since Cisco Capital was established in the UAE in July last year, although Cisco Capital was first announced for the MEA region at the start of 2008.

Patrick Naef, divisional senior vice president IT, Emirates Group commented: "The Emirates Group is always looking to expand its portfolio with strategic ventures that will enhance its commercial proposition, revenues and reputation. The financing through Cisco Capital will help us to continuously deliver the necessary financial enhancements to our information technology infrastructure to service our ever growing customer needs and maintain a competitive edge."

"The Cisco Capital financing for Emirates Group marks a major step forward in the way Cisco does business with organisations in the U.A.E. as we increasingly seek innovative new business solutions to meet the ever-changing needs of our customers.  As a result of this we will be able to build on the existing agreement for future projects and solutions, enabling the Emirates Group to proceed with future projects jointly with Cisco," said Wayne Hull, general manager, Cisco, UAE.

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