Of Interest

Element Partners with Qmerit to Provide EV Charging Services to Clients

Element Fleet Management entered an agreement with Qmerit. Through its Charging@Home solution, Qmerit will provide Element clients with installations and support of electric vehicle chargers at individual and multi-family residences. read more

Pratt & Whitney Surpasses 800 GTF Engine Orders in 2021

Pratt & Whitney, a Raytheon Technologies business, has booked more than 800 orders and commitments for GTF engines since the beginning of 2021, including orders from customers like Frontier Airlines, Volaris, Air France, Delta Air Lines and, most recently, AerCap. read more

PC Demand Remains Strong in Q2/21 Despite Potential Cooling Market Conditions

According to International Data Corporation, worldwide shipments of traditional PCs, including desktops, notebooks and workstations, reached 83.6 million units in Q2/21, up 13.2% from Q2/20. read more

Stearns Bank Partners with Zogo Finance to Offer Financial Education Tools

Stearns Bank is partnering with Zogo Finance, a financial technology company, to offer all-age financial education tools through Zogo’s mobile app. read more

Tiger and Schneider Conduct Asset Auction for Brewery, Exceed Expectations by 15%

Tiger Group and Schneider Industries recently conducted an online auction of assets from a 30-barrel, semi-automated brewhouse in Eureka, CA, that generated proceeds 15% greater than the sale partners’ expectations. read more

IDS Completes Migration of IDS ABL to IDScloud

IDS, a provider of enterprise solutions for secured finance, completed the migration of IDS ABL to IDScloud, a software-as-a-service-based solution for secured finance. read more

Dedicated Local Cloud Infrastructure-as-a-Service Market to Grow 151.8% by 2025

According to International Data Corporation, worldwide annual recurring revenues from dedicated (local) cloud infrastructure-as-a-service offerings for compute and storage will increase from $138 million in 2020 to $14 billion in 2025 with a compound annual growth rate of 151.8%. read more

Clutch Names Liventus a Top B2B Firm in Illinois in 2021

Clutch, a market research firm, recognized Liventus as one of the leading B2B firms in Illinois for 2021, naming the company to its “Leader Awards in Illinois, 2021” list. Liventus has been named among the top 1% of 300 companies highlighted on Clutch's platform for two consecutive years (2020 and 2021). read more

ACIA Aero Leasing Leases Multiple Engines to Mexico’s TAR Aerolíneas

ACIA Aero Leasing, a provider of regional aircraft leasing and lease management services, and Mexico-based TAR Aerolíneas finalized an agreement for the lease of four Rolls-Royce AE 3007A engines to support the carrier’s Embraer ERJ145 fleet. read more

MMP Capital Provides Scholarships for Students to Attend Maria Regina School

MMP Capital, a lender specializing in equipment financing, leasing and unsecured capital financing, awarded four scholarships for students to attend Maria Regina School from kindergarten to eighth grade.  read more

IDC: Cloud Infrastructure Spending Maintained Strong Growth in Q1/21

According to International Data Corporation, spending on compute and storage infrastructure products for cloud infrastructure, including dedicated and shared environments, increased 12.5% year over year in Q1/21 to $15.1 billion. read more

Alfa Publishes Third Whitepaper on Artificial Intelligence in Equipment and Auto Finance

Alfa, the provider of Alfa Systems, a software platform for asset finance, published the third and final paper in its thought leadership series AI in Equipment and Auto Finance. This final part of the series focuses on machine learning. read more

IDC Projects $656B in Spending on Future of Work Technology in 2021

A new forecast from International Data Corporation estimates future of work spending will be nearly $656 billion this year, an increase of 17.4% compared with 2020. read more

Ritchie Bros. Preps for its Largest Pipeline Construction Event in August

Ritchie Bros. will conduct its largest-ever single-owner auction for Barrilleaux, an oilfield pipeline construction company based in New Mexico and Texas, from Aug. 10 to Aug 11. read more

Heritage Bank of Commerce Expands National Specialty Finance Group

Heritage Bank of Commerce plans to expand its national specialty finance group, which consists of the Bay View Funding national factoring business and the bank’s national asset-based lending/corporate finance team and regional Small Business Administration lending team in the San Francisco Bay Area. read more

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