DLL announced a new name for its Office Technology global business unit. The legacy business line, which boasts one of the industry’s largest portfolios in document imaging, data centers and mobile devices, will now be called Tech Solutions.

“The name ‘Tech Solutions’ better reflects the expanded markets we serve and the innovative financial products we have brought to market,” said Steve Riggs, president of the Tech Solutions global business unit. “Not only has the technology we finance evolved over time, so has the way we finance it. Our partners are moving away from transactional selling and traditional leasing and migrating to more service-led solutions that bundle products, support and service into a convenient payment structure—and we’ve helped support the transition every step of the way.”

Tech Solutions partners with several of the world’s leading technology companies to offer payment programs for assets ranging from robotics and software subscriptions to cloud computing and 3D printing, delivering a suite of flexible financing solutions to support as-a-Service initiatives for both software and devices. These solutions enable customers to pay a set monthly fee for the acquisition, management and maintenance of an asset, leveraging the financial expertise, global footprint and experience of DLL.

“If you think about it, the ‘Cost-per-Copy’ lease that we’ve been offering our imaging partners for more than 30 years is actually the original ‘as-a-Service’ solution,” said Riggs. “So we have decades of experience helping our partners navigate the usage-based programs that are now becoming a must-have throughout the technology sector. This is an exciting time for our business, and we look forward to working with our partners to continue designing the financing solutions of the future.”