Boston Financial & Equity recently closed a $275,000 equipment lease for a company that provides Software as a Service to the telecom industry.
Boston Financial said the company, founded in 2002, has accumulated losses of $27 million, but has a compelling business model, strong management, patented technology and limited competition. The company recently closed contracts with two major global telecom providers. The equipment includes blade servers, storage and networking for growing infrastructure needs of existing and future clients.
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