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- CANCOM Financial Services GmbH founded to address increasing customer demand in the area of financing
- Pioneering model for financing consumption-based managed services and XaaS models
CANCOM SE and MLF Mercator-Leasing GmbH & Co. Finanz-KG launched CANCOM Financial Services GmbH as a joint venture for financing offerings at the shareholders’ meeting on May 17, 2023. The joint venture enables CANCOM to offer its customers a wide range of financing offerings, especially in the areas of Managed Services and XaaS.
“The trend towards as-a-service solutions and associated consumption-based IT usage models is accelerating, presenting even experienced IT companies with financing challenges,” explains Thomas Stark, CFO of CANCOM SE. “With Mercator-Leasing, we are working with proven experts in financing models to offer customers precisely the innovative and flexible financing models that best fit their individual business requirements. We expect the volume of inquiries about alternative financing models to grow significantly over the next few years,” adds Hans-Peter Nußbaumer, Managing Director of CANCOM Financial Services GmbH.
“Our DNA is the partner business,” says Norman Hoppen, Managing Director of Mercator-Leasing, positioning the role of the established leasing company in the joint venture. The cooperation in a same-name partnership is one of the most intensive collaboration models available on the market. “For us, this is very interesting in terms of sales. But the innovative power that comes with this partnership also holds enormous potential,” adds Matthias Schneider, Managing Director of Mercator-Leasing and CANCOM Financial Services GmbH. He is alluding to the fact that Mercator-Leasing has been developing new and innovative financing models together with its partners for over 30 years.
“As a hybrid IT service provider, our mission is to offer our customers cutting-edge IT procurement and IT usage with innovative financing models,” explains Christian Kleinschroth, Director Financial Services at CANCOM. “As one of the leading IT providers in the DACH region, with CANCOM Financial Services GmbH we are creating a trend-setting provider of financing solutions that optimally supports our customers in their requirements.”[/vc_column_text][vc_column_text dynamic_content=””]About Mercator
MLF Mercator-Leasing GmbH & Co. Finanz-KG, founded in 1991, is a finance company operating throughout Germany with a focus on equipment leasing. For more than 30 years, Mercator-Leasing has stood for innovative and sustainable financing concepts with personal contact partners. Financing solutions such as leasing, renting or hire-purchase for medium-sized businesses form the core business. Individual support, fast and unbureaucratic processing – from the first contact to contract changes during the term to the end of the contract – and a personal and comprehensive service are part of the performance and quality standards. Mercator-Leasing is a subsidiary of the private banks Fürstlich Castell’sche Bank, Credit Casse AG and Bankhaus Max Flessa KG. Consistency, a sense of responsibility and trust are the main pillars of this corporate constellation. Today, Mercator-Leasing is one of the top 10 medium-sized leasing providers in Germany. Together with its vendor partners, its 183 employees look after around 75,000 commercial and public-sector customers, managing some 586,000 contracts. Mercator-Leasing again increased its earnings in fiscal 2021/2022 with innovative financial solutions. The Schweinfurt-based finance company is thus continuing the positive development of recent years. This is reflected in the balance sheet total of now just under €1.5 billion and a 5.4% increase in the volume of new business to over €872.1 million. The company’s rating also shows recognition for what it has achieved to date. The rating of AA- in 2017 was reconfirmed as of June 13, 2019, by GBB-Rating, the subsidiary of the Association of German Banks.[/vc_column_text][/vc_column][/vc_row]