CISCO Launches USD 2.5 Billion Financing Programme to Fight COVID-19 Challenges


CISCO Launches USD 2.5 Billion Financing Programme to Fight COVID-19 Challenges

Cisco-a global IT, Networking and Cyber Security major recently announced a $2.5 billion financing programme to help its customers and partners mitigate problems caused by COVID-19 outbreak.

The programme will provide organisations with access to the solutions they need to keep their businesses running and productive, their employees safe and support their communities during these unprecedented times.This includes investing for recovery 95 per cent of the cost until January next year.

Cisco recently committed $225 million in cash, giving to support both the global and local response.This includes technology and financial support for non-profits, and governments.

"Cisco's customers and partners are under enormous pressure to keep their businesses connected while remaining productive and secure," Chuck Robbins, Chairman and CEO of Cisco, said in a statement.

He continued, "Whether it's technology, financing or helping those most in need, Cisco is committed to working together to fight this pandemic on every front,"

Cisco is also supporting customers and partners with its free Webex and security offers, helping them to stay securely connected and productive during this time, reported IANS.

All Cisco solutions are eligible for this programme, including hardware, software and services as well as up to five percent of partner provided services, such as installation, the company said, adding that the programme also offers support to Cisco's 60,000 partner ecosystem.