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Syscap, the UK’s leading independent finance provider, has been nominated as a finalist for the Leasing Life Vendor Finance Provider of the Year Award 2010.

Whilst lending to businesses has collapsed over the last year Syscap has been at the forefront of the industry’s efforts to get funding into the IT vendor market. So successful have been their efforts that they have recently launched their first ever full scale, pan-European vendor finance programme.

The European programme for Infor Global Solutions, the 10th largest global software provider, led to 164 deals totalling $22m in its first year – far exceeding expectations. Infor is now Syscap’s largest vendor finance client.

Meanwhile Syscap’s vendor programmes have grown to the point where they now service over 800 vendor relationships. Major wins in the last year include Computer 2000, the UK’s largest trade only distributor of IT products, servicing 10,000 resellers in the UK.

Syscap says that another of its key achievements in the last year has been its continued capacity to provide competitive pricing and market leading acceptance rates to vendors despite the continued European credit squeeze. Syscap says it managed to achieve this by maintaining its independence from any one funder and by broadening out its panel of funders to 14.

Comments Philip White, Chief Executive Officer at Syscap: “We are delighted to have been chosen for this prestigious and hotly contested award. It is great to be recognised by the industry for the great job that our team has done.”

The awards dinner will be held at the Grand Visconti Palace in Milan on 4th November.

About Syscap

As one of the UK’s leading independent finance providers, Syscap provides tailored finance solutions and advice to help companies acquire the funding they need, when they need it.

Founded in 1990, Syscap now employs over 75 people across the UK and Europe, has annual revenues of £100 million and £350 million of assets under management.


Press Enquiries:

Claudine Serfaty
Business Services Manager
Syscap
Tel: 020 8254 1975

Nick Mattison or Fay Israsena
Mattison Public Relations
Tel: 020 7645 3636

This press release was distributed by ResponseSource Press Release Wire on behalf of Wesleyan Bank in the following categories: Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.