Syscap, the UK's leading IT finance provider to the Education Sector
Schools are bringing forward their ICT purchases to avoid price rises caused by the impact of the Japanese earthquake says Syscap, the leading independent finance provider to the education sector.
Explains Philip White, CEO, of Syscap: “An increasing number of schools who come to us for ICT leasing are making their ICT acquisitions far earlier than usual this year as they are worried about the impact the Japanese earthquake may have on IT production.”
“Their concern is that they won’t be able to secure the computers and other equipment they need in order to install everything during the Summer break.”
“They are also worried that the shortage of computer components caused by the disruption in manufacturing following the terrible earthquake in Japan will squeeze equipment prices higher.”
“Considering all the budgetary constraints that they are under, schools are determined not to pay a penny more for their ICT equipment than they have to.”
Syscap says that whilst other sectors are able to deal with a threatened shortage of ICT equipment by delaying their purchases until later in the year, schools work to a strict timetable. Schools normally make their biggest ICT purchases in July, just before the summer holiday, as they use the holiday period to install and make all the necessary adjustments to the network.
Adds Philip White: “The school environment is not like an office. Even in the best regimented schools making a major installation of ICT equipment in term time is risking too much disruption partly as it puts classrooms out of action. Schools will do almost anything to avoid that.”
“Schools are being pragmatic rather than alarmist. At the moment they are able to secure ICT equipment at good prices but as inventories get reduced there is always the risk that salesmen will increase prices. Schools, who buy computers in lots of 30 to a 100 units are saying “why take that risk?””
About Syscap Ltd
As one of the UK’s leading independent finance providers, Syscap provides tailored finance solutions and advice to help schools, colleges and other education providers acquire the funding they need, when they need it.
Syscap works directly with clients and in partnership with industry-leading IT vendors, equipment suppliers and other business service providers. Through tailored and innovative finance solutions, Syscap enables commercial, professional and public sector organisations of all sizes to acquire the assets and resources they need, without traditional budgetary constraints.
Founded in 1990, Syscap has annual revenues in excess of £125 million and £250 million of assets under management.
Tel: 020 8254 1975
Nick Mattison or Catherine Sirikanda
Mattison Public Relations
Tel: 020 7645 3636
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