A capital financing leg of General Electric Co. (GE) recently announced that in 2012 it provided more than $3.7 billion in 58 deals to growing telecom, media and technology companies to help address their financial needs.
The Norwalk-based company is among the most active lenders in the technology sector.
“We are committed to providing more than financial capital to our customers,” said Pete Foley, senior managing director of GE Capital”™s Telecom, Media and Technology team, in a statement. “We help them build stronger businesses by leveraging the depth and breadth of GE”™s experience, including industrial and technology expertise.”
“In 2012, we connected customers to GE”™s broader domain expertise, exploring new technologies and learning how the industrial and financial sectors can come together to help them solve their toughest challenges,” he added.
Company officials say they look forward to increased funding opportunities in 2013.
