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CoreDial Gets $1.5 Million in Funding

CoreDial has secured $1.5 million from Silicon Valley Bank to continue the development of its service-enablement platform and to fuel customer acquisition.

D&H Beefs Up VAR Credit Lines

D&H Distributing Co. announced it will raise the credit lines of approximately 4,000 VARs by around $38 million. The average increase per account would be in the range of $9,500, and will vary by customer. In a time where many solution providers are having credit lines yanked or severely decreased, D&H hopes this credit extension […]

IBM, Textron VARs Search for Credit

The economy is taking its toll on financing programs that have previously incented VAR business. IBM’s (IBM) Flexible Credit program, which was targeted toward smaller biz, has shut down. And IBM also set tighter restrictions on some financing programs left standing. Additionally, Textron (TXT) announced it will cease all of Textron Financial Corp.’s finance business, with […]

Channel: Can I Get Some Credit?

For the most part, solution providers are reporting business as usual in light of the economic crises plaguing America these past few months. However, stories are beginning to surface about credit lines getting yanked and therefore killing financing for a deal. Not only might spending begin to change, partners also can expect a change in […]

Westcon Group Lends Partners Credit

Westcon Group Inc. has launched its Emerging Partner Credit Program in North America. The program, offered by Westcon’s financial services team, enables qualified Westcon resellers access to credit lines of $10,000 or more. The Emerging Partner Credit Program was designed to encourage emerging partners — typically resellers with less than $2 million annual revenue — […]

Thermo Credit Hires New VP of Sales

Thermo Credit LLC (Booth 312), a funding company focused exclusively on the telecommunications industry, hired Phil Pedone as vice president of sales. Pedone has 25 years of sales experience with more than seven in the telecom industry. His considerable experience will bring a new level of expertise and service to Thermo Credits high standard of […]

Sprint Stocks Down on Board, CEO Rumors

Sprint shares were down 27 cents during mid-day trading on Friday amid industry rumors that a stockholder wants to sit on the companys board and that CEO Gary Forsee could be on his way out. Relational Investors LLC owns about 1.9 percent of Sprints shares and has stated its concern this week about Sprints management […]

Apple Sells 1 Millionth iPhone

Apple Inc. said Monday it sold its 1 millionth iPhone over the weekend. The company said on its Web site the milestone was achieved on Sunday, 74 days after the launch of the device. The iPhone debuted to much fanfare June 29. In comparison, Apple said, it took two years to sell its 1 millionth […]

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