MicroAge Selects Key Equipment Finance as Equipment Leasing and Finance Partner

SUPERIOR, Colo., Aug. 2, 2011 /PRNewswire/ -- Key Equipment Finance, one of the nation's largest bank-held equipment finance companies and an affiliate of KeyCorp (NYSE: KEY) today announced that it has been selected as an equipment leasing and finance partner of MicroAge. MicroAge is a leading reseller of technology products and services from industry-leading technology manufacturers.

The partnership with Key Equipment Finance will enable MicroAge to better support clients of all types and sizes long-term and will enable their sales representatives to offer another equipment finance option as part of the sales process. Now, companies across the U.S. that are interested in acquiring technology products and services available through MicroAge can take advantage of one stop shopping for equipment, services and financing, as well as obtain the technology necessary to remain competitive while conserving cash.

"MicroAge provides the technology solutions companies need to operate more efficiently from the data center to the desktop," said Brian Madison, senior vice president of U.S. vendor sales at Key Equipment Finance. "With the addition of this flexible finance option, the company is also making it easier than ever for clients to obtain IT solutions, including services, from multiple manufacturers. We're looking forward to working with MicroAge on this program designed with its customers' budgets in mind."  

MicroAge noted Key Equipment Finance's competitive pricing and extensive experience in the technology industry as primary reasons for selecting Key Equipment Finance as an equipment leasing and finance partner.

"We selected Key Equipment Finance as a primary leasing partner for several reasons, including a history of very competitive pricing, flexible leasing options and excellent response time," said Roger Rouse, vice president and chief financial officer at MicroAge. "We have already had several wins with Key Equipment Finance as our leasing partner and the account executives and clients involved in each deal have been very pleased with the results."

About MicroAge

MicroAge is a leading provider of technology products and services headquartered in Tempe, Arizona. The company serves clients from the data center to the desktop with computer products from industry-leading technology manufacturers. MicroAge's tech-savvy account executives are experts at assisting clients with selecting information technology solutions that best meet their unique requirements. Top partners include HP, Dell, VMware, Cisco, Lenovo, Microsoft, APC, IBM, Fujitsu, Symantec and Apple. MicroAge possesses a vast sourcing capability which enables them to deliver on the most challenging of procurement requests. MicroAge is a well-known name and a respected industry pioneer with a heritage of industry innovation spanning four decades.

About Key Equipment Finance

Key Equipment Finance is one of the largest bank-based equipment finance providers in the U.S. The company provides tailored equipment lease and finance solutions for small-to-large commercial clients and government entities. Through its vendor services unit, equipment finance programs are developed for manufacturers, distributors and resellers in the U.S., Canada and Europe.  Key Equipment Finance specializes in the technology, healthcare, renewable energy and corporate aviation markets, as well as other capital assets. Additionally, Key Equipment Finance provides lease capital markets support for corporations looking to optimize risk and revenue. 

Headquartered outside Denver, Colorado, Key Equipment Finance manages nearly $9 billion in assets and originates over $3 billion of equipment financing annually. The company has management and operations bases in Albany, New York; London, England; Frankfurt, Germany; Madrid, Spain; Milan, Italy; Paris, France and Toronto, Canada. The company, which supports clients in over 30 countries, employs approximately 575 people worldwide and has been in the equipment financing business for over 35 years. Additional information regarding Key Equipment Finance, its products and services can be obtained online at www.KEFonline.com.

About KeyCorp

Cleveland-based KeyCorp (NYSE: KEY) is one of the nation's largest bank-based financial services companies, with assets of approximately $92 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. For more information, visit www.key.com.

SOURCE Key Equipment Finance