VerticalScope entered into a second amended and restated credit agreement, amending and restating the Company’s existing credit agreement with Capital One. The A&R Credit Agreement was amended and restated to remove the single term loan tranche under...
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October 07, 2024, 07:00 AM
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A new forecast from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker shows shipments of personal computing devices are expected to grow 2.6% year over year in 2024 to 398.9 million units. The traditional...
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September 26, 2024, 06:00 AM
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Datacenters are the heart of the digital economy and the demand for datacenters is expected to rise substantially, positioning them as a primary focus for growth and investment. But the cost of operating datacenters is also rising substantially due...
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September 25, 2024, 06:38 AM
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SLR Business Credit ("SLRBC") completed a $2 million credit facility for Quantori. Based in Cambridge, Massachusetts, Quantori is a comprehensive digital IT service provider for the life sciences and healthcare sectors. Quantori excels in developing...
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September 10, 2024, 07:04 AM
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Clarus Capital announced the completion of a $10 million equipment lease facility for a multi-sponsor backed managed services provider. The financing proceeds will support the acquisition of new technology equipment essential for the company’s...
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August 12, 2024, 07:22 AM
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The future of the smartphone industry is set to be transformed as worldwide generative AI (GenAI) smartphone shipments are forecast to grow 363.6 percent year over year in 2024 to 234.2 million units, according to a new International Data Corporation...
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August 12, 2024, 07:00 AM
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LTi Technology Solutions announced International Financial Services Service Corporation (IFSC) has chosen and successfully implemented LTi’s ASPIRE platform. Following an extensive two-year search, IFSC selected ASPIRE for its robust functionality...
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July 25, 2024, 07:22 AM
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Stonebriar Commercial Finance (Stonebriar) announced the closing of a $200 million lease financing to a global data center operator. The lease is supported by assets consisting of new, high-performance servers, data storage systems, and other...
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July 18, 2024, 07:20 AM
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Ivory Consulting Corporation, a provider of equipment lease and loan pricing software, asset management software, software customizations, and consulting services for the equipment finance industry, announced Pinnacle Bank has selected SuperTRUMP to...
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July 17, 2024, 07:05 AM
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Bridge Bank's Technology Banking Group closed a $47 million term loan with Divergent Technologies Inc. to support the company’s continued growth.Torrance, California-based Divergent uses a data-driven approach to design and build vehicle structures...
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July 01, 2024, 07:12 AM
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KLC Financial, LLC is using Tamarack Technology’s Executive Advisory Insights Reports (ExecutiveAIR) product to support its executive team in business strategy and key decision-making.“At KLC, we are continually exploring ways to enhance performance...
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June 14, 2024, 07:22 AM
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PNC Bank closed a $500+ million senior secured credit facility for Seismic, a global leader in sales enablement software. PNC served as Administrative Agent and Collateral Agent for the credit facility and PNC Capital Markets LLC ("PNCCM") served as...
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June 13, 2024, 07:10 AM
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Tamarack Technology, Inc. has made the strategic decision to release a standalone version of its SyndicationBuilder product. Designed to streamline portfolio syndication and securitization processes by eliminating time-consuming and labor-intensive...
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June 11, 2024, 07:22 AM
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Northteq, LLC, a provider of Salesforce loan origination solutions, announced its May 2024 product release. This release features the launch of Aurora Syndicate and Aurora Fraud360, along with key enhancements that optimize the lending process for...
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May 23, 2024, 07:22 AM
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Provider of services and data-driven technologies for equipment finance, Tamarack Technology, Inc. has reached a significant milestone with its Tamarack AI Product Suite. As of April 2024, Tamarack’s equipment finance customers are using its SaaS...
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April 26, 2024, 07:20 AM
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Armando Binelo, 46, of Pigeon Forge, TN, pled guilty for his role in a 20-million-dollar leasing fraud scheme. Daniel Raymond, 54, of Mebane, previously pled guilty to conspiracy to commit mail fraud and wire fraud and was sentenced to 84 months in...
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April 22, 2024, 07:20 AM
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Penske Truck Leasing unveiled Catalyst AI; an industry first AI platform set to revolutionize fleet management that delivers real-time insight into fleet performance. Catalyst AI marks a pivotal shift away from traditional industry benchmarks...
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April 19, 2024, 07:18 AM
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Tamarack Technology, Inc., has released the next version of its DataConsole Business Intelligence reporting system. Developed to consolidate and use data from across the enterprise, DataConsole provides equipment finance executive teams the ability...
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March 27, 2024, 07:20 AM
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Ivory Consulting Corporation, a provider of equipment lease and loan pricing software, asset management software, customizations and consulting services for the equipment finance industry, announced Saulsbury Hill Financial, LLC, a financial services...
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March 06, 2024, 07:15 AM
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Ivory Consulting Corporation announced Cass Commercial Bank has selected SuperTRUMP to serve as the sole pricing engine for its newly established equipment finance division. Specializing in both tax and non-tax leases and loans across many equipment...
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February 28, 2024, 07:17 AM
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Asset-based direct funding source Dakota Financial has partnered with Tamarack Technology on the implementation of Tamarack’s AI Product Suite – TrailView Customer Service Portal and DataConsole. By deploying data-centric technologies, Dakota is...
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February 27, 2024, 07:20 AM
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A new forecast from International Data Corporation (IDC) shows shipments of artificial intelligence (AI) PCs – personal computers with specific system-on-a-chip (SoC) capabilities designed to run generative AI tasks locally – growing from nearly 50...
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February 09, 2024, 07:15 AM
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Tamarack Technology, Inc. has released enhancements to its popular TrailView Customer Service Portal. Developed to facilitate, automate and improve communication between lessors and customers, TrailView provides 24/7 access and streamlined workflows...
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February 07, 2024, 07:20 AM
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Ivory Consulting Corporation welcomed six finance businesses as SuperTRUMP customers in 2023. Several of them chose SuperTRUMP Web, enabling sales representatives to easily price a transaction anytime, anywhere, from any device.In addition to...
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January 11, 2024, 07:05 AM
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Priority One Financial Services, a full-service finance company for marine, RV and trailer and equipment dealers, recently added two secure technology platforms to its equipment finance division. A new upload tool enhances the dealer’s ability to...
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January 10, 2024, 07:00 AM
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Clarus Capital announced it has completed a new $20 million loan facility for a sponsor-backed IT service provider. The funding will support investments in critical data center equipment to expand capacity and refresh existing technology as part of...
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January 09, 2024, 07:05 AM
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Sopra Banking Software (SBS), a technology partner to over 1,500 financial institutions worldwide, and Vero Technologies, a pioneering technology company offering Software as a Service (SaaS) and Lending as a Service (LaaS) solutions, announced their...
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December 15, 2023, 07:00 AM
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Mid-size companies and private equity firms are embracing artificial intelligence by implementing the technology to assess data, automate processes and streamline financial operations, according to a new survey from Citizens.Seventy-six percent of...
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December 14, 2023, 07:12 AM
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United Rentals, Inc., the world's largest equipment rental company, introduced new equipment access management capabilities and an enhanced rental experience within the United Rentals Mobile App.The new capabilities add to the United Rentals...
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December 12, 2023, 07:00 AM
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Ivory Consulting Corporation announced 1st Equipment Finance, Inc., a subsidiary of FNCB Bank, has selected SuperTRUMP Web. With SuperTRUMP Web, 1st Equipment Finance aims to deliver bespoke financing solutions to its commercial clientele while...
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December 07, 2023, 07:13 AM
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Tamarack Technology, a provider of artificial intelligence (AI)-based automation and business intelligence software designed for the equipment finance industry, has released a comprehensive whitepaper aimed at guiding equipment finance companies in...
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November 15, 2023, 07:17 AM
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Clarus Capital announced it has completed a new $10 million lease facility for a public network operator. The funding will support regularly scheduled investments to expand capacity and refresh existing technology as part of the company’s ongoing...
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November 09, 2023, 07:18 AM
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Ivory Consulting Corporation, the equipment finance industry’s provider of software for equipment lease and loan pricing, asset management, customizations and consulting services, announced its collaboration with Gordon Brothers. Gordon Brothers...
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November 01, 2023, 07:20 AM
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International Data Corporation (IDC) published its worldwide information technology (IT) industry predictions for 2024 and beyond. This IDC FutureScape report provides IDC's top 10 predictions on the future of the IT Industry and how "AI Everywhere"...
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October 30, 2023, 07:15 AM
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Alfa has launched Alfa Start, the preconfigured software platform for U.S. equipment finance organizations of all sizes.Through a predefined configuration and process catalog, Alfa Start allows U.S. equipment finance providers to take full advantage...
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October 19, 2023, 07:18 AM
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Mitsubishi HC Capital America announced it recently provided a Canadian-based IT service provider with a $60 million facility to support its rapidly growing business and free up cash flow. Headquartered in Ontario, the company provides cutting-edge...
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October 17, 2023, 07:20 AM
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CIBC Innovation Banking provided a $3.5 million debt financing facility to Edmonton-based, Nanoprecise Sci Corp. (Nanoprecise). The company plans to use the funds for working capital purposes.Nanoprecise is an automated AI-based maintenance solution...
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October 02, 2023, 06:00 AM
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Genpact announced a new multi-year agreement with GE HealthCare to transform and manage its U.S. leasing and lending operations.The collaboration will leverage Genpact's digital technology solutions, specifically its business-process-as-a-service...
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August 23, 2023, 07:20 AM
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Ryder System, Inc., a provider of supply chain, dedicated transportation and fleet management solutions, announced the establishment of Baton, A Ryder Technology Lab, based in Silicon Valley. Baton’s mission is to pioneer a suite of groundbreaking...
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August 02, 2023, 07:17 AM
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Encina Private Credit served as Revolver Agent and Term Loan lender for a Senior Secured Credit Facility to support Visual Edge IT (VEIT) long term growth. Visual Edge IT, which specializes in managed IT services and security, cloud computing, and...
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July 31, 2023, 07:10 AM
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Recognizing that introducing artificial intelligence (AI) into an organization can be a daunting task, Tamarack Technology has released a whitepaper explaining how AI can be used within the equipment finance industry: “Five steps to organizational...
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July 14, 2023, 07:20 AM
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NFS Leasing, Inc., a privately held provider of information technology equipment finance, announced its expanding partnership with Congruity360, a data management and data governance provider. The most recent transactions, totaling $6 million, will...
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July 12, 2023, 07:10 AM
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Alfa, provider of Alfa Systems, has published a new paper on SaaS and cloud services.Cloud Services: Finding Success with SaaS discusses the different deployment models available; the factors technology teams should consider when making deployment...
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June 27, 2023, 07:05 AM
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Inovatec Systems, a provider of cloud-based software, announced it will exhibit its flexible loan management platform at the 27th Annual NAF (National Automotive Finance) Association Non-Prime Auto Financing Conference. The event takes place June 7...
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May 31, 2023, 07:03 AM
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Northteq, Inc., a provider of Salesforce loan origination solutions, announced over 60 updates and upgrades to its comprehensive suite of loan origination products. With the latest feature updates, Northteq is taking a major step towards eliminating...
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May 09, 2023, 07:22 AM
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Cisco is continuing its commitment to help organizations navigate an evolving economic landscape with the introduction of the Cisco Capital Business Acceleration Program. Offered through Cisco Capital, the program is designed to help customers...
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May 04, 2023, 07:25 AM
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Inovatec Systems announced it will showcase its LOS, LMS, and direct portal solutions at the American Financial Services Association’s (AFSA) 2023 Independents Conference & Expo. This year’s event will take place April 17 to 20 at the ARIA Resort &...
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April 17, 2023, 07:05 AM
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DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed cloud services, secured another $350 million in financing to fund the ongoing expansion of its edge data center footprint. Today, DataBank is the...
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April 07, 2023, 06:58 AM
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Tamarack Technology, Inc., and Missouri-based Vision Commerce, a Constellation Financial Software company, have formed a strategic partnership to help equipment finance companies and brokers make better use of the data generated by their business to...
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March 30, 2023, 07:23 AM
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Worldwide spending on security solutions and services is forecast to be $219 billion in 2023, an increase of 12.1 percent compared to 2022, according to the new Worldwide Security Spending Guide from International Data Corporation (IDC). Investments...
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March 17, 2023, 07:14 AM
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Ivory Consulting Corporation announced that Eastern Funding LLC’s Macrolease division has selected SuperTRUMP to model and price their pre- and after-tax finance products, such as fair market value leases, $1 buyout leases municipal leases and loans....
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February 22, 2023, 07:10 AM
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Big agricultural and construction equipment manufacturers in the U.S. Midwest are on a mission to lure Silicon Valley tech workers who have been caught up in a wave of hiring freezes and layoffs, execs told Reuters.Read the full article Reuters...
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February 21, 2023, 07:20 AM
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United Trust Bank (UTB) has successfully integrated a new technology platform into its Asset Finance operations, transforming the way the Bank processes proposals and broker payouts.UTB has partnered with leading asset finance software specialist...
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February 21, 2023, 07:00 AM
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NETSOL Technologies, Inc. has signed an agreement with the finance division of a leading global agricultural and industrial equipment manufacturer based in Japan. The contract relates to its operations in Australia.The multi-million dollar contract...
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February 17, 2023, 07:05 AM
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Solifi, a global fintech software partner for secured finance, announced the release of its latest version of Solifi Asset-Based Lending (ABL) software, which includes several new and enhanced features designed to improve both the lender and borrower...
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February 08, 2023, 07:21 AM
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Fleet Advantage announced it has been recognized as a recipient of Food Logistics’ 2022 Top Software & Technology Providers Award for the ninth consecutive year. The Top Software & Technology Providers Award recognizes software and technology...
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December 20, 2022, 07:06 AM
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Oakmont Capital Services (OCS) has successfully implemented the artificial intelligence (AI) suite of products from Tamarack Technology as part of its efforts to “work smarter” by using tech to enhance workflow and increase operational efficiency....
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December 01, 2022, 07:21 AM
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Clarus Capital announced it has completed a new loan facility for a diversified, value-add business services provider. Clarus’ financing will support the company’s acquisition of new data center assets and further enhances its competitive position as...
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November 16, 2022, 07:15 AM
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Tamarack Technology has introduced the second in its series of whitepapers on the application of artificial intelligence (AI) in the equipment finance industry. Entitled “Prediction: The Next Stage in Equipment Finance Automation,” the piece is...
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November 15, 2022, 07:18 AM
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LTi Technology Solutions (LTi), announced Creative Vision Finance (CVF) is driving its digital transformation with the implementation of LTi’s new fast track Entry Level platform - ASPIRE Express.CVF identified a growing need for digital innovation...
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October 24, 2022, 07:18 AM
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Ivory Consulting Corporation announced Fleet Leasing has selected SuperTRUMP to model and price its pre- and after-tax finance products.“The secrets to our success are the genuine customer relationships that we have developed and our ability to...
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October 19, 2022, 07:08 AM
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NETSOL Technologies, Inc. has launched its latest product offering - Flex, which is an API-based, ready-to-use calculation engine that guarantees precise calculations at all stages of the contract lifecycle through various calculation types.Flex...
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October 13, 2022, 07:00 AM
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Northteq, Inc. a provider of Salesforce origination solutions, announced Finova Capital, LLC, a provider of equipment financing and small business lending, has integrated Northteq’s Aurora Loan Origination System (LOS) and Aurora Partner Portal with...
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September 29, 2022, 07:23 AM
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Alfa, provider of Alfa Systems - the software platform for asset finance - has announced its latest software update in Release 5.7.The latest release follows two years of new enhancements in key areas of the product, with new offerings in the user...
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September 14, 2022, 07:03 AM
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Odessa, a provider of technology solutions for asset finance, announced that Lenovo has selected the Odessa Platform to help streamline its Everything-as-a-Service global programs and provide support across the organization and its...
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August 31, 2022, 07:23 AM
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Due to the recent extensive technical upgrade, the Copernicus software product “Solar” will now be called “Copernicus.” The software has undergone a complete software upgrade using the latest React technology. Copernicus had to take a step back from...
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August 23, 2022, 07:05 AM
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SSG Capital Advisors, LLC (SSG) acted as the investment banker to Additive Circuits Technologies, LLC, and its affiliates (ACT or the Company) in the placement of an equipment financing facility with Liberty Commercial Finance LLC. The facility...
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August 05, 2022, 07:18 AM
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NETSOL Technologies, Inc., a global business services and enterprise application solutions provider, has signed a contract with Yamaha Motor Finance Canada for a further implementation of NETSOL’s LeasePak solution.“Yamaha Motor Finance is a...
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June 22, 2022, 07:10 AM
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Northteq, Inc. announced a Salesforce-based automated fraud mitigation solution for equipment finance lenders utilizing Ekata's industry leading technology. The solution was first implemented to enhance Northteq’s lease/loan origination system (LOS)...
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June 10, 2022, 07:24 AM
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Ivory Consulting Corporation, a provider of equipment lease and loan software, software customizations and consulting services for the equipment finance industry, announced the release of SuperTRUMP 22.SuperTRUMP 22 provides general enhancements to...
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June 06, 2022, 07:10 AM
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TD Bank Group (TD) announced the launch of a new technology delivery hub in Fort Lauderdale, FL, to support an emerging center of tech innovation in South Florida. The move will help TD to tap into the growing community of tech and innovation talent...
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April 26, 2022, 07:17 AM
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ENGS Commercial Finance Co. continued its advancement of new technology into the commercial finance space by fully automating the Uniform Commercial Code (UCC) submission and tracking process.Prior to this advancement, the process for filing the UCC...
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April 19, 2022, 07:12 AM
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Dominion Leasing Software, LLC has been selected by FNCB Bank to partner on their launch of 1st Equipment Finance, a new equipment financing solution offered by the bank. FNCB will utilize Dominion Leasing Software’s LeaseComplete and...
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April 08, 2022, 07:17 AM
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Odessa, a provider of technology solutions for asset finance, announced it has been selected by Haydock Finance to help scale its rapidly growing business and better serve its SME customers and panel of approved brokers. With more than 40 years of...
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March 28, 2022, 07:16 AM
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National equipment leasing and finance company KLC Financial, Inc. has successfully implemented Tamarack.ai, an artificial intelligence (AI) platform from Tamarack Technology, Inc. An element of KLC Financial’s growth strategy, the company is using...
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March 23, 2022, 07:21 AM
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LTi Technology Solutions (LTi), a provider in lease, loan and asset finance software solutions, announced the launch of ASPIRE Express, a pre-configured servicing platform for startup organizations. This secure SaaS solution provides the ability to...
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March 14, 2022, 07:18 AM
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Alfa, a provider of systems and services to the world's most complex auto and equipment finance companies, has published a new paper in its series on systems change, Innovation in Implementation.# 2 Agility in Data Migration - Onboarding Portfolios...
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February 28, 2022, 07:05 AM
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Alfa, a provider of software for the asset finance industry, has secured its first revenue-generating work for Alfa iQ Limited.Alfa iQ is a partnership between Alfa and Bitfount Limited which combines decades of asset finance expertise with deep...
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February 25, 2022, 07:18 AM
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Jack Henry & Associates announced that Independent Financial has expanded its collaboration with Jack Henry, selecting the company's digital lending platform, LoanVantage®, to automate commercial loans for small and medium-sized businesses.McKinney...
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February 23, 2022, 07:05 AM
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Drips, the founders of Conversational Texting, announced that, concurrently with its previously announced growth investment, it established a credit facility with Wells Fargo Capital Finance’s Technology Finance group.The Wells Fargo facility will...
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August 11, 2021, 07:00 AM
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All aspects of how people and organizations work is evolving, enabled by 3rd Platform technologies like cloud and mobile computing and accelerated by the COVID-19 pandemic. Future of Work (FoW) is a fundamental shift in the work model to one that...
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July 01, 2021, 07:04 AM
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Northteq and River Capital Finance have announced the launch of River Capital Connect, River Capital’s new vendor portal creating a simple and intuitive user experience for their vendors, which is key to maintaining strong lender/vendor relationships...
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March 03, 2021, 07:20 AM
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Northteq, Inc and TomorrowZone teamed up to deliver a guide demystifying the equipment finance software landscape. The purpose of this guide is to provide an overview of the software applications generally used to run an equipment finance business...
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December 03, 2020, 07:15 AM
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NETSOL Technologies, Inc., in collaboration with WRLD, an immersive 3D mapping technology company, introduced NXT, a COVID-aware smart workplace solution. NXT enables employees to safely return to the office by ensuring standard operating procedures...
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December 02, 2020, 07:20 AM
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eOriginal announced it ranked No. 473 on Deloitte's Technology Fast 500, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America. This marks the fourth consecutive year...
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November 23, 2020, 07:00 AM
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LeaseAccelerator announced several enhancements to its LLA platform that simplify and accelerate audit readiness. The upgrade provides corporate controllers with a more holistic view of their portfolio and greater insights about specific transactions...
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November 18, 2020, 07:00 AM
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TopMark Funding announced the launch of its proprietary technology DealerLinc to better serve its growing dealership client base. As TopMark Funding, which specializes in financing commercial vehicles, continues to expand its Dealer and Program...
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November 13, 2020, 07:00 AM
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The COVID-19 pandemic has largely proven to be an accelerator of cloud adoption and extension and will continue to drive a faster conversion to cloud-centric IT. According to a new whole cloud forecast from International Data Corporation (IDC), total...
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October 26, 2020, 07:20 AM
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In the immediate wake of COVID-19, Global 2000 companies moved to slash funding for emerging technologies, such as automation, artificial intelligence (AI), blockchain and 5G, according to new KPMG International research. However, many executives are...
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August 17, 2020, 07:22 AM
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ENGS Commercial Finance Co. announced that its working capital subsidiary, ENGS Commercial Capital (ECC), recently closed and funded a $30 million non-recourse factoring facility for an industry leading market technology services company.For over 40...
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August 06, 2020, 07:18 AM
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CIT Group Inc. announced its Small Business Solutions group has released a new version of its award-winning platform that enables real-time lending at the point of sale for business purchases. CIT’s point-of-sale platform simplifies and accelerates...
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February 14, 2020, 07:21 AM
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OneWest Bank, CIT's Southern California branch network, today announced the launch of a new small business mobile app, a new platform to help small business customers seamlessly reach their financial goals.The OneWest Bank business app empowers small...
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February 04, 2020, 07:05 AM
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Deloitte released the 19th edition of its “Technology, Media & Telecommunications Predictions,” which looks at three overarching themes: individual technologies are becoming ever more interconnected and interdependent, increasing their impact and...
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January 02, 2020, 07:00 AM
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LeaseQ announced the launch of automated “smart” notifications for all LeaseQ platform users. The integrated alerts system is the first in the equipment finance industry to track all applications in real-time through the multi-step funding...
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June 26, 2018, 07:05 AM
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International Data Corporation (IDC) announced publication of the latest Worldwide Semiannual Internet of Things Spending Guide. The Spending Guide forecasts Internet of Things (IoT) spending will experience a compound annual growth rate (CAGR) of 13...
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June 19, 2018, 07:20 AM
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Vendor revenue from sales of infrastructure products (server, storage and Ethernet switch) for cloud IT, including public and private cloud, grew 27.3 percent year over year in the fourth quarter of 2017 , reaching $12.8 billion, according to the...
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April 02, 2018, 07:00 AM
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Linedata announced the latest release of Linedata Capitalstream. This version, available now, marks a turning point in the story of Linedata Capitalstream: It is new in its design and user benefits, and brings deeper technology changes.
The user...
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March 26, 2018, 07:05 AM
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Jenne, Inc., a leading value-added distributor of technology products and solutions focusing on voice, video, data networking, premise security and the cloud, is partnering with GreatAmerica Financial Services to offer resellers, solutions providers...
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January 19, 2018, 07:18 AM
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Alfa has published an important piece of industry research on how companies are embracing digitalization.
Digital Directions: Exploring digitalization in the asset finance industry was produced after a series of interviews with asset finance leaders...
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December 06, 2017, 07:00 AM
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CapX Partners structured a lease line of credit to Unitas Global, a fast-growing provider of enterprise cloud solutions. The structure of the lease was tailored such that Unitas could draw over a 6-month period, allowing it to seamlessly onboard new...
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November 29, 2017, 07:10 AM
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IoT infrastructure Market is estimated to surpass USD 130 billion by 2024; according to a new research report by Global Market Insights, Inc. The increasing number of smart city projects across the U.S., India, China, Singapore, UK, etc. are...
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September 26, 2017, 07:01 AM
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Despite a slightly down first quarter, the semiconductor industry achieved near record growth in the second quarter of 2017, posting a 6.1 percent growth from the previous quarter, according to IHS Markit. Global revenue came in at $101.4 billion, up...
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September 12, 2017, 07:00 AM
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Financial institutions’ drive to become more “experience-driven” is opening the door to potential competition from global technology giants, according to a report published today by the World Economic Forum.According to the report, Beyond Fintech: A...
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August 22, 2017, 08:30 AM
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Internet of Things (IoT) infrastructure spending is making inroads into enterprise IT budgets across a diverse set of industry verticals. International Data Corporation (IDC) has just released the results of a U.S. survey, IoT IT Infrastructure...
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February 24, 2017, 07:00 AM
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Worldwide revenues for information technology (IT) products and services are forecast to reach nearly $2.4 trillion in 2017, an increase of 3.5% over 2016. In a newly published update to the Worldwide Semiannual IT Spending Guide: Industry and...
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February 08, 2017, 06:25 AM
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Worldwide shipments of traditional PCs (Desktop, Notebook, and Workstation) totaled 70.2 million units in the fourth quarter of 2016 (4Q16), posting a year-on-year decline of 1.5%, according to the International Data Corporation (IDC) Worldwide...
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January 17, 2017, 07:00 AM
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According to a new forecast from the International Data Corporation (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker, total spending on IT infrastructure products (server, enterprise storage, and Ethernet switches) for deployment in cloud...
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January 16, 2017, 07:00 AM
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Worldwide spending on the Internet of Things (IoT) is forecast to reach $737 billion in 2016 as organizations invest in the hardware, software, services, and connectivity that enable the IoT. According to a new update to the International Data...
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January 09, 2017, 07:02 AM
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Nearly half of semiconductor company business leaders believe their industry is in a late expansion phase and another 20 percent believe the industry is at an inflection point from expansion to contraction, according to this year’s Global...
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December 08, 2016, 07:03 AM
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The first Worldwide Semiannual Small and Medium Business Spending Guide from International Data Corporation (IDC) forecasts small and medium businesses (SMBs – businesses with less than 1,000 employees) will spend $564 billion on IT hardware...
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November 29, 2016, 07:00 AM
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What is cloud computing and how can a business leverage off-site data storage to its advantage? Those questions and others are addressed in the first JDR Solutions Inc. white paper.“Computing in the Cloud: Sky’s the Limit for Data Storage” provides...
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November 15, 2016, 06:11 AM
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The first Worldwide Semiannual Security Spending Guide from International Data Corporation (IDC) forecasts worldwide revenues for security-related hardware, software, and services will grow from $73.7 billion in 2016 to $101.6 billion in 2020. This...
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October 17, 2016, 07:15 AM
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A new update to the Worldwide Semiannual Public Cloud Services Spending Guide from International Data Corporation (IDC) shows worldwide revenues from public cloud services reaching more than $195 billion in 2020. This will be more than double the $96...
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August 11, 2016, 07:12 AM
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According to the latest forecast from the International Data Corporation (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker, total spending on IT infrastructure products (server, enterprise storage, and Ethernet switches) for deployment in...
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July 08, 2016, 07:06 AM
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Worldwide PC shipments are forecast to decline by 7.3% year over year in 2016 according to an updated forecast from the International Data Corporation (IDC) Worldwide Quarterly PC Tracker. The outlook continues to call for progressively smaller...
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June 10, 2016, 07:07 AM
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Odessa Technologies, Inc., a leading provider of lease and loan management software solutions, announced its website has been recognized by the Interactive Media Council, Inc. as ‘Best in Class’ in both the professional services and...
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May 24, 2016, 07:12 AM
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Jenne, Inc., a leading value added distributor of technology products and solutions focusing on voice, video, data networking, premise security and the cloud, has launched a new financing program with GreatAmerica Financial Services. This program...
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March 22, 2016, 07:10 AM
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The International Data Corporation (IDC) multiclient study, CloudView 2016, shows that 58% of all organizations surveyed are embracing cloud, using public or private cloud for more than one or two small applications or workloads, up from 24% 14...
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February 23, 2016, 07:08 AM
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Worldwide IT spending is forecast to grow from $2.46 trillion in 2015 to more than $2.8 trillion in 2019, according to the new Worldwide Semiannual IT Spending Guide: Vertical and Company Size from International Data Corporation (IDC). The new...
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February 08, 2016, 06:56 AM
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A new IDC Health Insights report examining the results of the 2015–2016 Healthcare Provider Technology Spend Survey reveals that while 40% of providers reported their IT budgets are still growing, only 25% of providers with growing budgets attribute...
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February 03, 2016, 07:03 AM
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A new report from Navigant Research examines the market for advanced sensors in six key segments, with global market forecasts for revenue and shipments, broken out by segment, customer sector, and region, through 2025.By providing data that can...
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January 28, 2016, 07:10 AM
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According to the International Data Corporation (IDC ) Worldwide Quarterly Cloud IT Infrastructure Tracker, vendor revenue from sales of infrastructure products (server, storage, and Ethernet switch) for cloud IT, including public and private cloud...
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January 19, 2016, 07:10 AM
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In a newly published study, International Data Corporation (IDC ) forecasts healthy growth for the content collaboration software market. The market is forecast to grow to a total of $6.2 billion by 2019, representing a 13.4% compound annual growth...
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December 30, 2015, 07:10 AM
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A new study released by Deloitte confirms we are a nation of phone obsessed multi-taskers, with American consumers looking at their smartphones in the aggregate eight billion times per day and increasingly doing so while engaged in other activities...
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December 29, 2015, 07:10 AM
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According to a new IDC Financial Insights Perspective, Worldwide Financial Services 3rd Platform IT Spend 2014-2019 – Opportunities Abound, the financial services industry spent $114 billion worldwide on mobility, cloud, and big data & analytics...
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December 21, 2015, 07:05 AM
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Northpoint Commercial Finance announced they have expanded their market focus to provide financing solutions to technology OEMs, Distributors and Value Added Resellers. Leading the technology effort is industry veteran Robert E. Wagner, with over 25...
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December 08, 2015, 07:06 AM
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In a newly published study, International Data Corporation (IDC ) forecasts that the proportion of "digital related" consulting engagements will increase from about half of all business and IT consulting engagements in 2013-2015 to approximately 80%...
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November 30, 2015, 07:00 AM
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In a newly released study, International Data Corporation (IDC ) forecasts that worldwide business analytics services spending will reach $58.6 billion in 2015 and $101.9 billion in 2019, representing a compound annual growth rate (CAGR) of 14.7%....
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November 24, 2015, 07:04 AM
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The Big Data market continues to exhibit strong momentum as businesses accelerate their transformation into data-driven companies. This momentum is driving strong growth in big data-related infrastructure, software, and services. A new forecast from...
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November 13, 2015, 07:05 AM
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Worldwide PC shipments totaled nearly 71.0 million units in the third quarter of 2015 (3Q15), according to the International Data Corporation (IDC) Worldwide Quarterly PC Tracker. This volume represented a year-on-year decline of -10.8% – slightly...
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October 13, 2015, 06:44 AM
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According to the International Data Corporation (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker, total spending on cloud IT infrastructure (server, storage, and Ethernet switch, excluding double counting between server and storage) will...
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October 05, 2015, 07:25 AM
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While the Internet of Things (IoT) continues to evolve and expand, moving from the planning stage to execution, the momentum is quantifiable. According to a new global IoT decision maker survey from International Data Corporation (IDC), 73% of...
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September 25, 2015, 07:05 AM
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CapX Partners (CapX) announced the closing of a loan facility that can grow to $100 million to support the growth needs of Ziosk. Ziosk is the creator of the restaurant industry’s first ordering, entertainment and pay-at-the-table tablet and commands...
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September 25, 2015, 07:02 AM
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Ally Corporate Finance, a unit of the Ally Bank subsidiary of Ally Financial Inc. that provides senior secured commercial-lending products to primarily U.S.-based, middle-market companies, today announced the formation of a team focused exclusively...
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September 09, 2015, 07:30 AM
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Worldwide PC shipments are expected to fall by -8.7% in 2015 and not stabilize until 2017, according to the International Data Corporation (IDC) Worldwide Quarterly PC Tracker. The latest forecast has growth declining through 2016 – which will make...
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August 27, 2015, 07:08 AM
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Annual information technology spending at the U.S. Department of Defense (DoD) has decreased a total of -14.4% in the past three years. But Fiscal Year 2016 is on track to see a slight increase (up 1.6%) in DoD IT spending. A new IDC Government...
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July 17, 2015, 07:00 AM
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According to the International Data Corporation (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker, vendor revenue from sales of infrastructure products (server, storage, and Ethernet switch) for cloud IT, including public and private cloud...
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July 06, 2015, 07:27 AM
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The total worldwide PC monitor market shipped more than 29 million units in the first quarter of 2015 (1Q15), a decrease of -12.0% compared to 1Q14 and 1.5% less than forecast, according to the International Data Corporation (IDC) Worldwide Quarterly...
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June 29, 2015, 07:00 AM
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According to the International Data Corporation (IDC) Worldwide Quarterly Security Appliance Tracker, both factory revenues and unit shipments continued to grow in the first quarter of 2015 (1Q15). Worldwide vendor revenues increased 7.5% year over...
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June 10, 2015, 07:04 AM
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Worldwide PC shipments are expected to fall by -6.2% in 2015 according to the International Data Corporation (IDC) Worldwide Quarterly PC Tracker. This will be the fourth consecutive year of declining volume as the PC market continues to struggle...
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May 29, 2015, 07:00 AM
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According to a new IDC Financial Insights forecast, Worldwide IT Spending 2013–2018: Worldwide Risk IT Spending Guide, worldwide risk information technologies and services (RITS) spending will reach $78.6 billion in 2015 and is expected to reach...
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May 06, 2015, 07:10 AM
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The Internet of Things (IoT) explosion will be a major driver of technology investments over the next decade. Although the billions of endpoints or connected "things" will capture the headlines for IoT, investments in the datacenter will be critical...
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April 30, 2015, 07:11 AM
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International Data Corporation (IDC) estimates that, including internal spending, the world's largest companies spent $895B on technology in 2014. IT vendors of all flavors long to harness a share of their hefty IT wallets not only for the revenue...
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April 07, 2015, 07:02 AM
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Pacific Crest Securities, the premier investment bank for technology, held its 10th Emerging Technology Summit in San Francisco on March 3-4. The investment bank hosted more than 1,100 participants at the conference, including executives from more...
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April 07, 2015, 07:00 AM
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GA Advisory and Valuation Services, a division of Great American Group, LLC (GA), has published its inaugural issue of the Technology Monitor, a bi-annual publication that delivers analysis of technology products from a manufacturing and wholesaling...
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March 30, 2015, 07:01 AM
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Worldwide PC shipments are expected to fall by -4.9% in 2015, a drop from the previous forecast of -3.3%, while growth projections for 2016 and 2017 were raised slightly, according to the International Data Corporation (IDC) Worldwide Quarterly PC...
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March 16, 2015, 07:02 AM
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New data from the U.S. audit, tax and advisory firm KPMG LLP, show the increased use of cloud technology by global business to better connect with their employees and customers. In a new report, titled “Elevating Business in the Cloud,” the firm...
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December 29, 2014, 07:04 AM
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According to the Dell Global Technology Adoption Index, 96 percent of mid-size healthcare organizations surveyed are using or considering using cloud computing. The survey also found:
The majority of healthcare respondents are using private cloud...
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December 29, 2014, 06:59 AM
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International Data Corporation (IDC) announced the launch of the Worldwide Quarterly Cloud IT Infrastructure Tracker. New data for the third quarter of 2014 (3Q14) shows that almost a third of combined worldwide server, disk storage, and ethernet...
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December 23, 2014, 07:00 AM
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CIT Group announced that it served as Lead Arranger in a $55.5 million senior secured credit facility to T5@Portland, a subsidiary of T5 Data Centers, LLC, an owner and operator of server-ready single and multi-tenant data centers across North...
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December 23, 2014, 06:30 AM
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Public IT cloud services spending will reach $56.6 billion in 2014 and grow to more than $127 billion in 2018, according to a new forecast from International Data Corporation (IDC). This represents a five-year compound annual growth rate (CAGR) of 22...
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November 03, 2014, 07:08 AM
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According to the newly published International Data Corporation (IDC) Worldwide Black Book, recent volatility will gradually give way to a more positive outlook for IT spending in the second half of 2014. With the U.S. and other mature economies...
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August 07, 2014, 06:30 AM
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Usage of mobile and broadband Internet bandwidth is growing exponentially, creating new opportunities — and challenges — for cell carriers and network service providers, according to Tom Westdyk, Group Head and Managing Director, CIT Corporate...
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July 09, 2014, 06:23 AM
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Worldwide combined shipments of devices (PCs, tablets, ultramobiles and mobile phones) are projected to reach 2.4 billion units in 2014, a 4.2 percent increase from 2013, according to Gartner, Inc. "2014 will be marked by a relative revival of the...
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July 08, 2014, 06:36 AM
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Delegates from White Clarke Group’s China and Australian offices were presented with a prestigious award during the China Leasing Summit in Beijing.White Clarke Group was awarded the title ‘The Best Automotive Finance and Leasing Software Provider’...
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June 30, 2014, 06:00 AM
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UpgradeUSA, a leading online company focused on helping people build credit through laptop payment plans, announced today that it is launching an online program to help small businesses affordably obtain the technology they need to grow - while...
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June 27, 2014, 06:10 AM
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International Data Corporation (IDC) forecasts that the server market for High Performance Data Analysis (HPDA) will grow rapidly at 23.5% compound annual growth rate (CAGR) to reach $2.7 billion in 2018 and the related storage market will expand to...
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June 23, 2014, 07:06 AM
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International Data Corporation (IDC) today released the latest forecast from the Worldwide Semiannual Software Tracker. For 2014, the worldwide software market is forecast to grow 5.9% year over year in current US dollars (USD). In constant USD the...
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June 05, 2014, 06:32 AM
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Mobile and Cloud revenues are surging, according to the results of the annual Technology Business Outlook survey of U.S.-based technology executives conducted by KPMG LLP, the U.S. audit, tax and advisory firm. The industry leaders also expect data...
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May 27, 2014, 07:00 AM
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Fountain Partners announced it has provided a total of $13 million in equipment lease lines of credit to DigitalOcean, the world’s fastest growing cloud provider. The lease lines are helping DigitalOcean grow its customer base by expanding data...
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April 29, 2014, 06:50 AM
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As the traditional worldwide enterprise wireless local area network (WLAN) market experiences relative maturation and the lofty gains of the past two years begin to flatten, the WLAN market for cloud-managed Wi-Fi presents notable growth...
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April 11, 2014, 06:50 AM
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The Computer and Printer Leasing industry lends its services to a variety of clients. Companies and government entities can cut costs by using variable leasing options instead of facing the possible cash flow problems associated with using scarce...
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March 11, 2014, 06:50 AM
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Disruptive technologies provide an opportunity in 2014 to reshape organizations, change business models and transform industries according to Deloitte’s 5th Annual Tech Trends Report, released today.“Disruptive technologies – from wearable devices to...
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February 10, 2014, 06:46 AM
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Worldwide tablet shipments grew to 76.9 million units in the fourth calendar quarter of 2013 (4Q13) according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Tablet Tracker. The total represents 62.4% growth over...
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January 31, 2014, 06:19 AM
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Wells Fargo is expanding its Silicon Valley-based Technology Banking Division coast-to-coast. After opening new offices in Boston and Seattle in 2013, the division is planning to expand to New York this year.“The rapidly expanding technology sector...
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January 16, 2014, 07:00 AM
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According to a report from CRN.com, the government cloud market is predicted to soar to $18.48 billion in revenue in 2018 from $2.87 billion IN 2013, according to a newly released MarketsandMarkets research report. The CRN report says that according...
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January 10, 2014, 07:01 AM
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IT Spending Across All Segments to Grow in 2014 After a Flat 2013Worldwide IT spending is projected to total $3.8 trillion in 2014, a 3.1 percent increase from 2013 spending of $3.7 trillion, according to the latest forecast by Gartner, Inc. In 2013...
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January 07, 2014, 06:42 AM
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The International Data Corporation (IDC) Worldwide Quarterly Integrated Infrastructure and Platforms Tracker found an impressive 68.5% year-over-year factory value growth in the integrated infrastructure and platforms market during the third calendar...
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January 02, 2014, 06:15 AM
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Total worldwide PC monitor shipments were more than 35.0 million units in the third quarter of 2013 (3Q13), an increase of 4.5% compared to the previous quarter and 1.2 million units more than forecast, according to the International Data Corporation...
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December 27, 2013, 06:45 AM
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Worldwide PC shipments are expected to fall by -10.1% in 2013, slightly below the previous projection of -9.7%, and by far the most severe yearly contraction on record, according to the International Data Corporation (IDC) Worldwide Quarterly PC...
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December 03, 2013, 06:47 AM
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International Data Corporation (IDC) released the latest forecast from the Worldwide Semiannual Software Tracker. Year-over-year growth in the worldwide software market for 2013 has been revised to 4.3% in current U.S. dollars. The forecast was...
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November 27, 2013, 07:00 AM
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According to GE's latest Technology & Business Services Industry Research Update, revenue and earnings expectations for most public tech vendors remain uncharacteristically subdued heading into the normally easonally strong 4th quarter. Slow...
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November 22, 2013, 06:55 AM
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According to the new International Data Corporation (IDC) Worldwide Black Book, worldwide IT spending is expected to accelerate next year after dipping to its slowest pace of growth since the financial crisis in 2013. Overall tech spending is on...
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November 08, 2013, 06:59 AM
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Reuters reported Mike Lazaridis and Douglas Fregin, co-founders of the company now known as Blackberry, are considering a bid that could save the embattled smartphone maker.According to the Reuters report, the two men, who own 8 percent of the stock...
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October 14, 2013, 06:52 AM
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Worldwide PC shipments totaled 81.6 million units in the third quarter of 2013 (3Q13). In year-on-year terms, the market contracted -7.6%, ahead of a projected decline of -9.5% for the quarter, according to the International Data Corporation (IDC)...
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October 10, 2013, 07:00 AM
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Middle market business executives predict an improved U.S. economy next year, and the vast majority says their companies are adding employees and enjoying stronger revenue, according to the 2013 Mid-Market Outlook Survey conducted by KPMG LLP, the...
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September 27, 2013, 07:03 AM
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While middle market executives report moving full steam ahead with transitions to cloud-based systems, many organizations face unexpected hurdles that prevent the Cloud from fully delivering on its promises. Cloud-based systems and services, which...
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September 19, 2013, 07:02 AM
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The worldwide smart connected device market, comprised of PCs, tablets, and smartphones, is forecast to grow 27.8% year over year in 2013, slightly lower than the 30.3% growth in 2012. The growth will be driven by tablet and smartphone shipments...
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September 12, 2013, 07:05 AM
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Technological change and the rapid expansion of office technology products will benefit the industry as businesses use a wider selection of computer and printer leasing services. For these reasons, industry research firm IBISWorld has updated a...
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September 06, 2013, 07:06 AM
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Worldwide PC shipments are now expected to fall by -9.7% in 2013, further deepening what is already the longest market contraction on record, according to the International Data Corporation (IDC) Worldwide Quarterly PC Tracker. The new forecast...
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August 30, 2013, 07:00 AM
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Cloud and mobile are expected to continue to gain momentum as the most disruptive technologies in consumer and business markets over the next three years, according to the Global Technology Innovation survey by KPMG LLP, the audit, tax and advisory...
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July 12, 2013, 07:03 AM
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The worldwide business analytics software market is expected to grow at a 9.7% compound annual growth rate (CAGR) through 2017, according to a new forecast from International Data Corporation (IDC). Demand for business analytics solutions will...
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June 25, 2013, 07:17 AM
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Worldwide PC shipments are now expected to fall by -7.8% in 2013 according to the International Data Corporation (IDC) Worldwide Quarterly PC Tracker. The new forecast reflects a shift in PC buying trends as users increasingly consider alternatives...
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May 29, 2013, 06:59 AM
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As demand for Big Data technology and services continues to escalate, all levels of the Big Data technology stack will experience significant growth. Storage is a critical piece of the infrastructure component, increasing at a compound annual growth...
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April 16, 2013, 07:19 AM
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Worldwide PC shipments totaled 76.3 million units in the first quarter of 2013 (1Q13), down -13.9% compared to the same quarter in 2012 and worse than the forecast decline of -7.7%, according to the International Data Corporation (IDC) Worldwide...
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April 12, 2013, 07:15 AM
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CRN.com reported that according to market research firm International Data Corporation (IDC), worldwide shipments of smart connected devices increased nearly 30% in 2012. According to the CRN report, the driving force behind that increase, according...
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March 28, 2013, 07:18 AM
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According to the March 2013 GE Capital Technology & Business Services Industry Research Update, the early outlook for 2013 remains conservative among most technology original equipment manufacturers (OEMs) which are calling for “positive yet tepid...
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March 11, 2013, 07:15 AM
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According to a new survey from KPMG International, as companies become more comfortable with the benefits of a cloud environment, they are reporting higher-than-expected costs, as well as challenges with implementation, operations and governance.The...
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February 19, 2013, 07:22 AM
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CRN.com reported that according to a new forecast from Gartner, worldwide IT spending will increase 4.2% in 2013 to $3.7 trillion, an increase from Gartner’s most recent 2013 forecast of 3.8% However, much of the higher forecast is related to...
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January 08, 2013, 07:00 AM
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A KPMG survey finds providers see cloud revenues comprising significantly larger share of their total revenue due to migration of more sophisticated applications. Cloud-based services revenue in two years is expected to comprise nearly twice its...
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December 10, 2012, 07:00 AM
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IBM announced it is providing IBM Business Partners worldwide with $4 billion in financing for credit-qualified clients over a period of 12 months. This financing, through IBM Global Financing, can make obtaining credit easier and more accessible to...
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November 15, 2012, 07:37 AM
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CRN reported that IBM’s 2012 Global CEO Study, which interviewed more than 1,700 executives worldwide, shows the convergence of new technologies such as social networking and mobility is changing how IT is being purchased and used in corporate...
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November 13, 2012, 07:08 AM
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The Wall Street Journal reported that PC sales are declining, triggered by factors that include the growing market for tablet computers and sluggish economic conditions.
According to the report, researchers IDC and Gartner IT said PC shipments in...
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October 11, 2012, 07:48 AM
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CRN.com reported the CEOs of five of the largest IT distributors in the world aren't holding up much hope for a quick or sustainable economic recovery.According to the report, revenue growth for their respective companies will be at best a small...
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September 17, 2012, 08:11 AM
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Worldwide IT spending is on pace to reach $3.6 trillion in 2012, a 3% increase from 2011 spending of $3.5 trillion, according to the latest outlook by Gartner, Inc. Gartner's 2012 IT spending outlook has been revised up slightly from the 2.5%...
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July 11, 2012, 07:51 AM
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Dell Financial Services (DFS) announced it is offering zero percent financing on Dell’s EqualLogic storage systems for growing businesses feeling the pressure of data growth. The Zero Percent EqualLogic promotion helps small and medium businesses...
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May 10, 2012, 07:15 AM
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According to a report issued by the Associated Press and posted on manufacturing.net, the number of personal computers shipped worldwide in the first three months of the year increased 1.9% from a year earlier. The report also indicates another...
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April 13, 2012, 07:30 AM
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Savtira Corporation, a new provider of B2B Cloud Commerce solutions, announced the company will complete its network infrastructure expansion via a multi-million dollar equipment lease facility from strategic partner, Fortran Group International, Inc...
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March 16, 2012, 07:30 AM
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Traditional communications and information services and technology companies continue to experience strong growth increases in underlying demand, as M&A activity and rapid organic growth continue to drive the need for capital in the industry...
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February 06, 2012, 08:00 AM
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CRN.com reported that reseller and distributor sales of commercial hardware and services rose 5.5% in 2011, as companies upgraded PCs and networking equipment and added storage hardware, according to NPD Group– a marketing research firm.According to...
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January 26, 2012, 07:30 AM
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Reuters reported that a strong outlook from IBM and decent results from Intel Corp and Microsoft Corp suggest that corporate decision makers are shaking off nervousness about economic growth and boosting spending on technology.According to the report...
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January 20, 2012, 07:00 AM
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According to GE Capital’s Winter 2011/2012 Industry Research Monitor on technology and business services, the short term outlook for IT spending remains uncertain. This report describes spending in the financial services sector as also uncertain....
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January 17, 2012, 06:00 AM
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GE Capital's Telecom, Media and Technology (TMT) financing business today announced it had completed 38 deals totaling $3.4 billion in financing during 2011. "This has been an active year for financing across our industries," said Pete Foley, senior...
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January 11, 2012, 06:15 AM
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DOTmed News reported many medical and dental offices plan to spend thousands of dollars buying tablet computers like the iPad next year, as the technology continues to shake up health care. Of the small- and medium-sized medical and dental offices...
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January 06, 2012, 08:00 AM
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Manufacturing.net reported Oracle’s results fell short of expectations in its latest quarter as the business software maker struggled to close deals, a signal of possible trouble ahead for the technology sector. This performance has raised concerns...
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December 22, 2011, 07:30 AM
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CSI Leasing, Inc. and Christie launched a financing solution in support of Christie’s recently announced Virtual Print Fee (VPF) program for North America. Christie’s VPF program is a simplified way for theatres to transition to digital cinema...
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October 21, 2011, 07:01 AM
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A report issued by DOTmed Business News, indicates that the prospects for the medical equipment and healthcare technology leasing markets are improving.
This special report quotes Mark French, the president of Crest Capital as stating “Medical...
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October 10, 2011, 07:54 AM
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