News | October 31, 2008

Avnet To Offer EMC's Global Financial Services Leasing Solutions To Reseller Partners

TEMPE, Ariz.--(BUSINESS WIRE)--Avnet Technology Solutions, an operating group of Avnet, Inc. (NYSE: AVT), announced it has signed an agreement with EMC Corporation to provide leasing services to its value-added reseller (VAR) partners through EMC Global Financial Services. With this new leasing program, partners can help their customers afford EMC technology with lower upfront costs, while allowing them to take advantage of future technology advancements.

Avnet's partners will save time and money with contract and portfolio management services from Avnet and EMC, which include developing terms of the lease for their customers. The Avnet and EMC leasing solutions enable partners to increase their revenue because customers will be able to purchase more technology and services. They can also benefit from lower upfront costs and scheduled monthly payments that make purchasing decisions easier. Additionally, the leasing solutions are designed to improve partners' cash flow and minimize their financial risks.

"Avnet is committed to helping its EMC partner base continue to achieve exceptional growth," said Gavin Miller, vice president and general manager, Technology Infrastructure Solutions, Avnet Technology Solutions, Americas. "These financial services offer yet one more way for our partners to expand their businesses with less effort and risk."

"EMC is pleased to provide financing support to Avnet's reseller network," said Gregg Ambulos, EMC's vice president of Americas Channel Sales. "These attractive new financial options are designed to help Avnet's reseller partners to continue to grow in this tough economic environment by making it easier for them to offer their customers EMC products today and accelerate EMC product refreshes in the future."

VARs can begin working now with Avnet's staff of financial and leasing experts to incorporate leasing options into their sales opportunities.

About Avnet Technology Solutions

Avnet Technology Solutions is an operating group of Phoenix-based Avnet, Inc. As a global technology sales and marketing organization, Avnet Technology Solutions has sales divisions focused on specific customer segments and a select line card strategy enabling an exceptional level of attention to the needs of its customers and suppliers. For fiscal year 2008, the group served customers in more than 30 countries and generated US $7.6 billion in annual revenue. The group's Web site is

Avnet, Inc. (NYSE:AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology in the world. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of more than 100,000 customers and providing cost-effective, value-added services and solutions. For the fiscal year ended June 28, 2008, Avnet generated revenue of $17.95 billion. For more information, visit

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