CIT and EFI Team to Offer Strategic Vendor Financing Solutions to EFI Customers Worldwide
Press release from the issuing company
Tuesday July 24 NEW YORK & FOSTER CITY, Calif.-- CIT Group Inc., a leading global provider of commercial and consumer finance solutions, today announced a global vendor financing agreement with EFI, the world leader in color digital print servers, superwide format printers and inks, and print management solutions. Under the agreement, CIT Vendor Finance, a unit of CIT, will provide customer financing for EFI's various product lines.
"We look forward to serving EFI customers with financial services to grow their businesses around the world. The EFI relationship is an important addition to our financial alliances with the world's most notable and respected companies," said Thomas B. Hallman, CIT Vice Chairman, Specialty Finance. Our goal of becoming the leading global vendor financing solutions provider will be greatly enhanced with this relationship."
John Ritchie, CFO of EFI, said, "CIT is well known for its ability to provide global vendor finance solutions. We are pleased to form this relationship as it will enable us to provide our customers around the world, particularly those of our VUTEk superwide printers, with additional financing options to help them succeed."
EFI's VUTEk product line is recognized worldwide as best-in-class superwide-format printer technology and the company's technology innovations continue to set the standard for the industry. EFI offers the industry's broadest superwide format printer portfolio, ranging from 2 meters wide to 5 meters wide to meet the imaging demands of any wide or superwide format application.
EFI's VUTEk printers are sold to commercial printers, screen printers, photo labs, sign shops and reprographic houses that print on a variety of grand format surfaces, including paper, vinyl, corrugated, textile, glass, plastic and nearly any other flexible or rigid substrate up to two inches thick.
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