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Equipment Finance News Hitachi Capital America acquires Global Technology Finance Published: 6th March 2019 Share Captive lender Hitachi Capital America has purchased the assets of Ohio-based Global Technology Finance, a supply chain financing provider to value added resellers (VARs) in the technology industry, in a bid to strengthen its finance capabilities in the tech sector. Mark Duncan, executive vice-president and general manager, commercial finance and corporate development (pictured), said: “We are excited by the opportunity to add the highly experienced Global Technology Finance team to Hitachi. “We expect their platform to complement our strategy of delivering innovative financing solutions in the technology space. As a non-bank alternative finance company, we have the means to expand their solutions and offer enhanced certainty and flexibility.” Paul Stemler, Global Technology Finance president, added: “Joining the Hitachi family of companies represents a significant opportunity for our company, our customers, and our employees. Adding Hitachi’s scale, industry expertise, and deep resources to our unique financing platform will allow us to broaden our supply chain financing solutions to include term loans, XaaS contract financing, and end-user financing.” Stemler will remain president of the new entity, which will be named Hitachi Capital America Technology Finance. He will report to Chris Pagano, general manager of Hitachi Capital America’s structured finance business. Stemler will continue to be supported by COO/CFO Steve Weislogel, who oversees business operations in Ohio. Established in 1998, Global Technology Finance is national finance company specializing in technology reseller finance and revenue cycle services, and has funded over $11 billion in transaction volume. Pat Sweet Correspondent - Asset Finance Connect Sign up to our newsletter Featured Stories Corporate Member NewsGrenke partners with IUI Global to strengthen service offerings NewsTransport UK London Bus expands electric fleet NewsPACCAR reports strong Q3 revenues and profits Equipment Finance
