Tech Data acquires integration specialist Finance Technology

Acquisition of Finance Technology will bolster the distributor's TaaS offering across Europe

Tech Data has acquired Finance Technology in order to bolster its technology-as-a-service (TaaS) offering across Europe.

Finance Technology provides a platform that enables partners to manage the TaaS process through the whole technology product lifecycle, connecting directly to key players along the way, including banks, buyback guarantors and trade-in partners.

It also allows resellers and retailers to integrate the platform into their online or in-store environments as a white-label solution or using the platform API, which enables them to give TaaS financing options to their customers with minimal investment.

Resellers can also benefit from up-selling and cross-selling opportunities as customers can choose higher-value products with extra accessories and services attached.

"The world is becoming more service driven and Tech Data is building a compelling and broad range of XaaS offerings to address this demand," stated Stephen Nolan, SVP of endpoint solutions for Europe at Tech Data.

"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."

Roman Rudolf, VP of services in endpoint solutions for Europe at Tech Data, added: "With Finance Technology, we can offer a fully integrated and user-friendly platform.

"The tool will help Tech Data partners to stand out in the marketplace with excellent customer experience and attractive affordability options to make the latest consumer technology products more accessible to consumers. This platform complements our existing portfolio of innovative services focusing on areas such as TaaS, lifecycle management, sustainability and automated print supply management.

"We look forward to welcoming the Finance Technology team to Tech Data and to rolling out their platform across our European footprint."