Xerox Announces Expansion of Financial Services Program with PEAC Solutions
2023年9月14日 - 9:46PM
ビジネスワイヤ(英語)
Xerox Holdings Corporation (NASDAQ: XRX) and PEAC Solutions have
expanded their partnership for the provision of certain leasing and
financial services programs to Xerox’s FITTLE network of
independent dealers and resellers.
The FITTLE business and Xerox™ Financial Services (XFS) will
return to captive lenders as the company focuses on core
capabilities and offerings including print, IT and digital
services. FITTLE and XFS will continue to offer financing for Xerox
hardware, software, and solutions providing our clients with
best-in-class services to help them succeed in today’s dynamic
hybrid workplace.
PEAC Solutions is a multi-national asset finance platform and
part of the Asset Value Funds portfolio sponsored and managed by
leading global investment firm HPS Investment Partners.
Under the terms of a recently completed agreement, PEAC
Solutions will provide support on lease agreements originated by
Xerox’s FITTLE network of independent dealers and resellers in the
U.S. The lease program allows end-user clients to secure economical
payment options and more easily acquire products sold by office
technology equipment dealers and resellers. The range of services
provided by PEAC Solutions will include elements such as
sales/origination support, credit underwriting, contract document
review, funding and the administration of lease agreements,
including accounts receivable and payment services.
“In January, Xerox announced its entry into a forward funding
agreement with PEAC Solutions. This expansion brings the company’s
processing power, digital tools and responsive customer service to
our dealer and reseller partners extending the value of the
business FITTLE has built over the last several years”, said Nicole
Torraco, President, FITTLE. “This move also enables Xerox to focus
on delivering more targeted and specialized financial services
programs to the Xerox distribution network and their clients.”
Bill Stephenson, Global CEO of PEAC Solutions, commented, “This
welcome expansion of the leasing program is a direct outcome of the
strong collaboration that PEAC Solutions has developed with Xerox
and FITTLE over the past year. It reflects their confidence in the
execution capabilities, customer focus and innovative products of
PEAC Solutions. We look forward to delivering further value to the
dealers, resellers, and their clients, as we continue to grow this
valued strategic relationship with Xerox.”
Xerox and PEAC Solutions are also exploring partnerships in
Canada and EMEA.
About Xerox Holdings Corporation (NASDAQ: XRX)
For more than 100 years, Xerox has continually redefined the
workplace experience. Harnessing our leadership position in office
and production print technology, we’ve expanded into software and
services to sustainably power the hybrid workplace of today and
tomorrow. Today, Xerox is continuing its legacy of innovation to
deliver client-centric and digitally-driven technology solutions
and meet the needs of today’s global, distributed workforce. From
the office to industrial environments, our differentiated business
and technology offerings and financial services are essential
workplace technology solutions that drive success for our clients.
At Xerox, we make work, work. Learn more at www.xerox.com and
explore our commitment to diversity and inclusion.
About PEAC Solutions
PEAC Solutions is a multi-national asset finance platform,
operating in 13 countries across Europe, the United Kingdom, and
the United States. PEAC provides innovative finance solutions to
equipment manufacturers, distributors, and dealers in a wide range
of industries and asset classes. The company specializes in
originating and servicing leases and loans that allow end-user
customers more easily access equipment and technology. As of
December 2022, PEAC Solutions had over 800 full-time employees
globally and a portfolio of more than USD 5.0 billion. Learn more
at peacsolutions.com.
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Xerox®, FITTLE™, and Design® are trademarks of Xerox in the
United States and/or other countries.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230914340288/en/
Media: Justin Capella, Xerox, 203-258-6535,
Justin.Capella@xerox.com
William Nasri, PEAC Solutions, +31 (0) 612068794,
wnasri@peacsolutions.eu
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