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Tech Data acquires Finance Technology

Tech Data is enhancing the ability of partners across Europe to offer flexible technology-as-a-service (TaaS) solutions with the acquisition of Finance Technology.

Finance Technology’s online platform enables resellers and retailers to manage the TaaS process through the whole product lifecycle, connecting directly to banks, buyback guarantors and trade-in partners for quicker approvals and processing.

With easy integration into partners’ online or in-store environments, the platform also provides up/cross-selling opportunities as customers can opt for higher value products with additional accessories and services attached to the sale.

Stephen Nolan, Senior Vice President, Endpoint Solutions, Europe, Tech Data, said: “The world is becoming more service driven and Tech Data is building a compelling and broad range of XaaS offerings to address this demand. The addition of Finance Technology is a further demonstration of Tech Data’s commitment to invest in digital capabilities that deliver improved experiences and greater agility for businesses across the technology ecosystem.”

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