Tech Data announced the acquisition of Barcelona-based Finance Technology with the aim of improving its operating capabilities.
Finance Technology provides a platform that enables partners to manage the Technology-as-a-Service (TaaS) process throughout the product lifecycle, connecting the channel to banks, repurchase guarantors and partners of reprise.
Resellers will be able to integrate the platform into their own solutions as a white label service through APIs, in turn giving the channel the ability to offer TaaS options to their customers.
According to the distributor, partners may also benefit from enhanced cross-selling and up-selling opportunities, as higher-value products are more affordable and additional accessories and services are easier to sell.
Stephen Nolan, European Senior Vice President of Terminal Solutions, Tech Data, said, “The world is becoming more and more service-oriented and Tech Data is developing a wide range of attractive XaaS offerings to meet this demand.
“The addition of Finance Technology is yet another demonstration of Tech Data’s commitment to investing in digital capabilities that deliver enhanced experiences and greater agility for businesses across the tech ecosystem.
Roman Rudolf, European Vice President of Terminal Services and Solutions at Tech Data, added, “With Finance Technology, we can offer a fully integrated and user-friendly platform.
“The tool will help Tech Data partners stand out in the market with great customer experience and attractive affordable options to make the latest consumer technology products more accessible to consumers. This platform complements our existing portfolio of innovative services focused on areas such as TaaS, lifecycle management, sustainability and automated management of printing supplies.