IBM Global Financing to Fund En Pointe Solutions for IBM's Services Business

ARMONK, NY - 22 Jul 2008: IBM Global Financing, the lending and leasing business segment of IBM (NYSE: IBM) and the largest IT financier in the world today, announced that it will provide inventory financing for Los Angeles-based technology reseller En Pointe Technologies(R) (NASDAQ: ENPT), a provider of solutions for IBM's Global Technology Services business. This move increases IBM's capacity to respond to clients' needs quickly and with greater flexibility now that the balance sheet of one of its suppliers is made stronger by faster payment turnaround. "This partnership brings benefits for both En Pointe Technologies and IBM," said Mario Bernardis, vice president of IBM Global Financing. "IBM Global Financing's inventory financing solution with En Pointe will help IBM Global Technology Services reduce risks in its supply... [read full story]