SOURCE: Leveraged Technology, Inc.

August 12, 2008 09:00 ET

Leveraged Technology, Inc. Secures $2 Million in Financing

Will Enable Growth Expansion and Extend Managed Service in Emerging Technologies

NEW YORK, NY--(Marketwire - August 12, 2008) - Leveraged Technology, Inc. (LTI), a leading provider of innovative Managed Services, IT solutions and Consulting services to Global 2000 and Mid-tier market companies, announced today that it has secured a $2 million financing facility from De Lage Landen Commercial Finance (DLL).

"We are very excited about the confidence that DLL has demonstrated in LTI through their willingness to commit $2 millions dollars in financing to us," said Steven H. Rothman, President & CEO of Leveraged Technology, Inc. "The funding comes at a time when LTI is poised to build upon its strengths in providing Managed Service Solutions, and to support our clients by extending our offerings through the implementation of new and emerging technologies. Our customers have encouraged us to become their total managed service provider and we intend to meet their evolving business requirements by doing just that."

LTI will use the funding to accelerate its business growth initiatives in the areas of Managed Insourced and Outsourced Solutions, Cisco powered Managed VoIP Solutions, Citrix powered Remote Desktop and Infrastructure Solutions and a host of new offerings to be announced.

"We are pleased to be able to participate in the growth and success of LTI, as they expand their business, sales, and marketing efforts. We pride ourselves on providing industry leading commercial finance products that help our partners thrive in today's challenging market environment," said John Reed, President, De Lage Landen Commercial Finance.

About De Lage Landen

De Lage Landen is a global provider of high-quality asset-based financing products. The company, headquartered in Eindhoven, the Netherlands, is a wholly owned subsidiary of the Dutch Rabobank Group, which is triple-A rated by the major rating agencies Moody's and Standard & Poor's.

With offices and joint ventures in more than 30 countries worldwide, De Lage Landen specializes in asset financing and vendor finance programs on a worldwide scale. The global offering also includes an array of commercial finance solutions. The company focuses on the following industries: food and agriculture, healthcare, office equipment, technology, financial institutions, transportation and materials handling and construction. De Lage Landen also offers private-label leasing programs for the banking industry, and delivers a broad range of financial services to leasing organizations and non-banking financial institutions. http://www.delagelanden.com

About Leveraged Technology, Inc.

A pioneer in Service Desk Management technology since 1983, Leveraged Technology, Inc. offers comprehensive solutions in the areas of access, convergence, consolidation, ITIL, Business Process/Project Management, VoIP and virtualization. In addition, Leveraged Technology provides a broad range of Managed Services, Insourced Managed Help Desk and NOC, including system monitoring and management, hosting, security management, IP telephony management, and IT support, as well as IT staffing and training services. RightNow, RSA and Symantec. The company's customers include Lifetime Networks, sanofi-aventis, Bain Capital, Fordham School of Law, Viacom, Prudential and Oxygen Media. For more information, please visit http://www.lev-tech.com or call 212-453-1000.

Contact Information

  • For more information, please contact

    Shakirat Lajide
    Marketing Manager
    Leveraged Technology, Inc.
    432 Park Avenue South
    New York, New York 10016
    Phone: (800) 673-2241
    Email: Shakirat.lajide@lev-tech.com