Software and hardware financier Syscap has signed a deal with an IT support company as part of its partner programme.

Syscap will provide tailored finance to customers of IT Lab, a company with offices in the UK and South Africa offering IT management and support services.

IT Lab also gained access to Syscap’s partner interface, in order to streamline customer queries and credit decisions.

Dave Mezher, chief financial officer at IT Lab, said: “We are very excited by our ongoing growth as a business but also by our developing relationship with Syscap. Like IT Lab, Syscap create individually tailored solutions for its clients which are focused on their business objectives which made partnering with them a very obvious choice.

“Being able to combine hardware, software and IT support and maintenance services into one flexible, finance package is a compelling proposition for our customers and will help to overcome budget and financial hurdles and drive other buyer behaviours.”

Steve Deutsch, chief executive of Syscap, said: “Syscap is unique in being able to fund a wider range of products and services through our comprehensive payment over time offerings. This ensures our partners do not have to bother with multiple companies in order to put together a total finance solution. This is particularly relevant when you consider a typical large scale IT project could have as many as 15 suppliers or components.

“We are delighted to be IT Lab’s exclusive finance provider of choice and are looking forward to building on the strong initial momentum that our partnership has generated.”

Syscap is a fully-owned subsidiary of the Wesleyan group.