Global Technology Resources, Inc. Establishes $35 Million Credit Facility with GE Capital Finance Unit
by Zivaro, on Jul 21, 2010 4:57:52 PM
Hoffman Estates, Ill - July 20th, 2010 – GE Capital, Commercial Distribution Finance (GE CDF), recently established a $35 million credit facility for Global Technology Resources, Inc. (GTRI), a leading provider of a wide variety of technology solutions.
The credit facility will be used to procure inventory from distributors and manufacturers, such as Cisco Systems, Inc.; it will also be used for working capital needs. GTRI sells and installs IT systems and programs to customers in the commercial, federal, education and healthcare markets.
“GTRI’s success as an IT Consultant requires the constant attention to details and to our working capital demands,” said Jeeva Ratnathicam, vice president of finance for Denver-based GTRI. “This new financing facility allows us to take advantage of the manufacturers’ channel financing program while providing us with a working capital solution necessary to continue our rapid growth.”
"CDF is pleased to provide smart working capital financing solutions that enable GTRI to expand its business,” said Tom Grathwohl, managing director of CDF’s Technology unit. “GTRI is able to leverage channel programs from companies such as Cisco that are made possible by CDF’s financing.”
GTRI provides industry-leading consulting and technology services that help clients derive real business value from their technology investments. With deep foundations in both networking and data center technologies, we support clients across a broad spectrum of industries with IT strategy, planning, private and cloud architectures, implementation and IT operations. Learn more at dev.gtri.com.
# # #
GTRI is a registered trademark of Global Technology Resources, Inc. Other company and product names may be trademarks of their respective owners.
Global Technology Resources, Inc.