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Shinetech seals a $1.6M deal with CIT.(May 10, 2010)
Shinetech recently signed a rental agreement with CIT Beijing, a subsidiary of CIT Group, Inc. committing to use of their IT infrastructure for a monthly rental.
After careful examination of the company size, financial strength and the overall credit worthiness, etc, CIT granted Shinetech credit to the value of $1.6 M/year securing access to substantial IT infrastructures going forward.
This represents strong support for Shinetech business development. Benefiting from being a smaller, agile organization, Shinetech responds rapidly to market changes by adjusting its flexible business strategy. During 2009 we successfully segmented our target markets and optimised solutions for each of them.
Now, most of our ODC teams are growing from 2~5 to 4~15 persons; they have successfully transferred more and more responsibilities from client's side and have proven to be reliable offshore IT departments.
About CIT Group, Inc.
CIT Group, Inc is the second largest rental company in the world, founded in 1908. It is Included in the Fortune 500 and is a leading participant in vendor financing, factoring, asset-based lending and transportation financing, etc, with total assets of more than $50 billion.
The company has its headquarters in New York City, and employs more than 7,000 people in locations throughout North America, Europe, Latin America, and Asia Pacific.
