ABB Financial Services and Solunet Team to Provide Lease Financing to Solunet's Customers.Business Editors/High-Tech Writers WESTBOROUGH, Mass.--(BUSINESS WIRE)--Aug. 13, 2001 ABB n. 1. Among weavers, yarn for the warp. Hence, Noun 1. ABB - an urban hit squad and guerrilla group of the Communist Party in the Philippines; formed in the 1980s Business Finance, a business unit of ABB Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , a leading global financial services company, today announced it has teamed with Solunet, an industry-leading value-added network A communications network that provides services beyond normal transmission, such as automatic error detection and correction, protocol conversion and message storing and forwarding. Telenet and Tymnet are examples of value-added networks. integrator (1) In electronics, a device that combines an input with a variable, such as time, and provides an analog output; for example, a watt-hour meter. (2) See systems integrator. and total solutions provider to offer equipment financing and leasing services to Solunet's customers. "We are very excited about the opportunity to work with ABB Business Finance to meet the growing financing needs of our customers," said Steven Audino, Director of Finance at Solunet. "ABB's broad product offering, demonstrated knowledge of the telecommunications industry and outstanding service capabilities will be of great value to our customers." "We are delighted to offer our complete financing solutions to Solunet's customers," said Tom Herlihy, Executive Vice President of ABB Business Finance. "We are committed to helping Solunet aggressively grow their business. We know lease financing is a proven driver of Solunet' sales. Our expertise in servicing their customer financing needs will be vital." Solunet's customers will benefit through the availability of ABB's web-enabled Online Finance center accessed through Solunet's home page (http://www.solunet.com) to complete applications online, view application status, and access the full range of service and product offerings. ABB's Online Finance center will also provide Solunet with real-time access to lease application status and reporting functionality. About ABB Business Finance ABB Business Finance (http://www.abbbusinessfinance.com), a unit of ABB Financial Services, is a full-service financial services company serving small and mid-sized businesses with a comprehensive array of flexible leasing products and financing services. ABB Financial Services has more than $20 billion in managed assets and over 1,100 employees operating in 20 countries. Operations include treasury and insurance services, leasing and financing, structured finance, infrastructure project development, and financial consulting. About ABB ABB (http://www.abb.com) serves manufacturing, process and consumer industries, utilities, and the oil and gas markets, with 160,000 employees in more than 100 countries. About Solunet Solunet Inc. provides total network solutions to communication service providers and private enterprises, offering value-added internetworking, remote access, wide area networking, telecommuting telecommuting, an arrangement by which people work at home using a computer and telephone, transmitting work material to a business office by means of a modem and telephone lines; it is also known as telework. , CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) and Business Service solutions. Headquartered in Palm Bay, Florida Palm Bay is a city in Brevard County, Florida, United States. The city estimated its population at 107,538 on 28 July 2007;[3]; it is the most populous city in the county. , with offices throughout the U.S. and Canada, Solunet is a leading provider of specialized networking and telecommunications solutions including business consulting, network design, best-of-breed product offerings, implementation, project management and post-sales support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . Since 1992, Solunet has offered unparalleled expertise to a variety of customers, including Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , Telco's, Competitive Local Exchange Carriers, large and small businesses, and the U.S. government. For additional information call 888-765-8638; or visit http://www.solunet.com. |
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