FAQ
Who, What, Where
Q: Who Are You?
A: Cisco Source is a subsidiary of LMI Global that specializes in Cisco networking equipment solutions. We are a trusted source for quality new and used Cisco networking equipment and service.
Q: What do you do?
A: We provide tele and data communications companies as well as consumers with low-cost/high value network solutions.
Q: Where do you provide service?
A: We are an international company focusing on the Asian and American markets.
Q: What is the company’s goal?
A: To vastly improve the secondary network equipment industry by streamlining the processes of network asset valuation, procurement and disposal to maximize cost savings and satisfaction for enterprise and consumer clients.
Q: What are your competitive advantages?
A: The company differentiates itself from competitors through its innovative new service models and disruptive technology that is streamlining and bringing much-needed transparency, and increased cost-savings and QoS to the industry.
Q: What’s your target market?
A: LMI is mainly focused on the wholesale market targeting tele/data communications companies. The company recently expanded its reach to also now provide end-user consumers with cost-effective network solutions.
Q: When was the company founded?
A: LMI was founded in 1998 as an ancillary business to WTIC, a B2B market software development company. At the beginning of 2000, the business was spun out as a wholly separate business unit and was formally incorporated in 2004.
Products & Service
Q: What kind of network equipment does LMI deal in?
A: New and used Cisco, Foundry and Juniper products.
Q: What is the cost savings?
A: Not only does we maximize savings on network equipment, but enterprise operations. The company’s used networking equipment (XX% off retail on average) enables enterprise clients to lower network costs by approximately 40-60% when compared to new manufacturer pricing.
Q: What services does you offer?
A: We provide a wide variety of services, including Network & Technology Equipment: Sales & Leasing, Valuation, Consignment, Remarketing, and Repair.
Q. How have you made product pricing and valuation more transparent?
A: LMI is committed to vastly improving customer satisfaction in the secondary network equipment and technology markets through new web-based models, which were custom built to offer clients an unprecedented level of transparency.
LMI has developed the following:
- Its own industry specific Enterprise Resource Planning application integrated into the open source Sugar CRM (this should be highlighted). This system allows LMI to scale quickly and efficiently by allowing easy integration of new employees as well as merged or acquired entities.
- Retail Market Valuator – LMI developed a small ‘widget’ application that tracks the Cisco, Foundry, F5, Juniper, and Brocade markets on Ebay. LMI allows people to quickly see current market and also the historical markets for a wide variety of different assets. At any given time, over 15,000 assets are tracked.
- LMI has developed a new business method that provides the lease and finance industry the ability to maximize residual values on operating leases. The driving technology and subsequent business method is patent pending
- LMI has developed a method of conducting its internal operations and organization that is unique in the business community. The technology and business method is patent pending at present. LMI is the initial ‘case study’ for the deployment of this business. Upon a successful implementation, LMI will spin out the technology into a separate company complete with its own management team. The method and technology are geared to thrive in the current economic climate.
Q. What can I find or achieve online with LMI that I could not before?
A: Through LMI’s websites and databases, customers can see exactly what the fair market price is for their equipment to determine if they are getting or paying a good price. They can even track and receive alerts as soon as the equipment they are looking is posted on eBay, Yahoo! Shopping or MSN Shopping. (www.ebay.com, shopping.yahoo.com, shopping.msn.com).
The tool is located at www.tangotrade.net/ebay_valuator.php
Financing
Q: Is LMI Global publicly funded?
A: No, LMI is a privately held company.