
Channel Partner Financing, Subscription Services and Device as a Service
The deal puts a bright spotlight on the IT channel, where VARs and managed services providers (MSPs) often work with technology vendors to finance various deals for end-customers. The financing industry has been evolving rapidly as customers and partners increasingly shift from CapEx to OpEx technology consumption models. The move toward OpEx subscriptions increasingly includes device as a service -- PCs, notebooks, servers and other infrastructure paid for on a monthly basis. That model has frequently forced hardware companies, distributors and channel partners to explore financing models -- including options like Hardware as a Rental, first popularized by Great America Financial Services.People's United Bank Acquires VAR Technology Finance: Executive Perspectives


"VAR's sole focus and knowledge of the technology sector for nearly 30 years is a critical component of this acquisition, allowing us to further expand our equipment leasing and finance offerings into the technology sector. VAR will be a valuable addition to our equipment finance portfolio and enhance the client experience."
"With People's United and LEAF, we will strengthen our infrastructure and access to capital and marketing capabilities, allowing us to accelerate growth and expand resources to better serve our clients."