IBM has engaged in an historic alliance with Lenovo. To bring long term value for clients, companies need to continually reinvent themselves. IBM's multi-year agreement with Lenovo is broad-based and allows IBM to continue to provide end-to-end solutions to our clients. Lenovo is now the preferred provider of IBM-branded personal computers to our clients, and IBM will continue to provide financing and maintenance services for these PC solutions.
This alliance is consistent with IBM's strategy to be the world leader in providing technology and transformation solutions, for you, our enterprise, and our small and medium business clients, in all industries and countries worldwide.
Working with leaders
Lenovo has the leading position in the fastest growing market in the world. Their acquisition of IBM's PC business makes them the third largest PC supplier in the world. In addition, the people of ThinkPad notebooks and ThinkCentre desktops are now part of the Lenovo team -- the award-winning engineers, the manufacturing teams, the sales representatives, the business partners. In short, the people you know. The ones you count on.
The sale moves our PC business from an element in the IBM portfolio to a key element in IBM's network of alliances. It extends IBM's reach and capabilities in areas where you, our IBM clients, are better served through this alliance. Lenovo shares our passion for innovation, quality, and service. IBM's strategy is clear. Lenovo's strategy is clear. Together we're a powerful combination for your business and we are committed to your success.
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