SAN JOSE, Calif., March 26, 2002 - Arrow Capital Corporation, a financial services company, today announced that it has signed a new customer, Agilera, Inc. Agilera, an enterprise application service provider (ASP), will use a custom-designed Arrow program to market equipment leasing services to its own end customers under the Agilera Capital name. Arrow will administer the program, which will be integrated into Agilera's sales and delivery channels.

The new financing package was developed as part of Arrow's ASP program, which provides a creative, long-term solution for eliminating the challenge that Agilera's customers face in accessing capital for large, up-front expenditures for computer equipment and software. Leases can be structured as operating or capital leases, providing clients flexibility in managing their capital position. In addition to responding to ASP client demand for flexibility, Arrow's financing program significantly improves the scalability of Agilera's business by providing ready access to equipment financing capital. Arrow assumes all credit risk associated with the program.

"Arrow's program enhances our competitive position because we are able to offer additional flexibility and value to our customers through Agilera Capital," said Marty Maxfield, Vice President, controller and treasurer for Agilera. "A ready source of capital expands our capabilities and assures that we can meet the demands of our growing business while delivering the solutions our clients desire."

Arrow Capital can be contacted at 6910 Santa Teresa Blvd., 2nd Floor, San Jose, Calif., 95119-1339; phone 408-961-8900; fax 408-961-8957; www.arrowcapital.net

< Back to News Page