In what marks the latest development in the
break-up of Microsoft Financing’s vendor programme, SG Equipment
Finance has scooped a deal to provide finance to the software
giant’s customers in four European countries.
The Paris-based lessor will provide financing
solutions to major clients of the Microsoft Enterprise and Partner
Group in France, Germany, Italy and Switzerland.
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Leasing Life, which first
reported the dividing up of Microsoft Financing back in December
last year, also recently revealed that BNP Paribas Lease Group had
won a deal to provide finance to Microsoft’s SME-sized customers
and resellers in these four European countries.
SG Equipment Finance has also won Microsoft
Financing’s Brazil contract, while De Lage Landen, which originally
bought the entire vendor programme from CIT, announced earlier this
month that it had won the contract for the UK and Canada. This
followed earlier announcements that it had won Microsoft’s vendor
finance contracts in Spain, the Netherlands, Belgium, as well as
Australia and New Zealand.
A DLL statement on this development said:
“Within the office technology business, software finance represents
one of the key strategic areas that De Lage Landen plans to further
develop.”
The previous agreement between DLL and
Microsoft Financing also included a “contingency plan that was
designed to provide a rapid response coverage model”, which would
allow the software company to use DLL while assessing and
completing arrangements with other finance providers, a De Lage
Landen spokesman said.
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By GlobalDataKey Equipment Finance, which was said to have
been involved at early stages of negotiations over the vendor
contracts, has left the table empty handed, it is understood.
Brendan
Malkin
