IDS signed three new customers with a combined net asset value exceeding $4 billion. Two are U.S. based lessors and one is based in Mexico City, providing equipment financing for a full range of asset classes including heavy equipment, information technology, healthcare and medical devices, and office equipment.
“The asset finance market is well positioned for a move to the cloud”, stated David Hamilton, IDS CEO. “A comprehensive software-as-a-service offering, including full application management, allows finance companies of any size to focus on building their business and customer relationships while leaving the IT infrastructure, application management, software upgrades, interfaces and data security to IDS. These new customers selected IDScloud based on the functional richness of our platform and the ability to quickly migrate their lease and loan portfolios to our service.”
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