“A trillion dollars is spent on capital equipment by American businesses every year, and leased equipment is a huge part of that,” explains Commonwealth Capital CEO, Kimberly A. Springsteen-Abbott.
Tampa, FL (PRWEB) December 16, 2011
Media is no longer just content being distributed – it is entertainment being delivered to consumers in the most convenient, speedy method. There is a new way to buy and enjoy entertainment everywhere. The “cloud,” is a popular buzz word that signifies Internet-based computing in which large groups of remote servers are networked so as to allow sharing of data-processing tasks, centralized data storage, and online access to computer services or resources. In the entertainment arena – that means movies, music, games, audio/e-books and software is stored, streamed and available to access anywhere, anytime, using any Internet-connected device. In order to perfect the system of delivering an amazing customer experience – the next level of cloud-based digital media distribution is being developed at Savtira Corporation, a new provider of B2B Cloud Commerce solutions, with the help of Commonwealth Capital Corp., a leading equipment leasing and financial services company.
With an equipment lease facility, Commonwealth Capital has provided Savtira the capital to continue its build-out of a carrier-class Entertainment Distribution Network (EDN) – streaming technology. The EDN streaming technology eliminates the need for the consumer to acquire and install intermediary devices or consoles. This allows digital products to be accessed directly from any Internet-connected computer, mobile device, console, set-top-box, and even “connected” vehicles. Commonwealth provided the lease line for Savtira’s application streaming EDN and Cloud Commerce system that is currently being deployed in 10 data centers across the U.S. and Europe.
“We are pleased to be working with Commonwealth Capital Corp. in providing the resources necessary in allowing Savtira to continue developing our Entertainment Distribution Network,” says Savtira CFO, Geoff Bicknell. “Commonwealth Capital’s expertise in strategic lease financing and reputation for commitment to their clients has distinguished them among the commercial finance industry.”
Commonwealth Capital is best-known for its experienced niche finance strategies in the technology and healthcare industries having priced, structured, and negotiated in excess of $1 billion in lease transactions. Savtira is a software-as-a-service (SaaS) e-commerce solutions firm, which uses cloud technology to create what they’ve coined as Cloud Commerce, utilizing mass data centers around the globe to power storage and streaming capabilities. The company builds custom-branded eStores for clients and offers a multi-million-item catalog of physical and digital goods that can be purchased using one unified shopping cart online. Savtira’s EDN offers a Digital Locker, which allows consumers complete portability of their content from any device (meaning end-users will be able to access their data, media, and applications from the cloud with instant start-pause-and-resume capabilities).
“A trillion dollars is spent on capital equipment by American businesses every year, and leased equipment is a huge part of that,” explains Commonwealth Capital CEO, Kimberly A. Springsteen-Abbott. “For many industries like finance, insurance, telecommunications, aerospace and healthcare, lease-financing is the key to keeping pace in today’s highly competitive environment. We are excited to be working with Savtira as they lead the charge in digital streaming for enterprise-level, e-commerce markets.”
About Commonwealth Capital Corp.
Commonwealth Capital Corp, founded in 1978, is a well-known, WBENC certified, 100 percent domestic, equipment leasing and financial services company with locations in Clearwater, Florida and Chadds Ford, Pennsylvania.
About Savtira Corporation
Based in Tampa, Florida, Savtira is in the business of digital distribution with a software-as-a-service (SaaS) e-commerce platform that is a turnkey system for the distribution, marketing, merchandising, and selling of both digital media and physical goods in a single store and a single, unified shopping cart. Savtira-powered stores are designed to meet the specific needs of retail partners so no two e-stores are alike. All Savtira e-stores are custom-branded for our partners. Extra features and services are offered on an à la carte basis. Savtira is also building the next carrier-class “Entertainment Distribution Network” (EDN), streaming all digital media from the cloud, with a feature set that eclipses anything on the market. For more information on Savtira, visit: http://www.Savtira.com or call 813.402.0123. Follow us on Twitter at: http://Twitter.com/Savtira.
Savtira is a registered trademark. All other product and service names mentioned are the trademarks of their respective companies.