Spartan Computer Rentals has enhanced its position as the leader in the IT rentals market following Technologies Acceptances, a member of the Fintech Group of Companies, joining as a 50% shareholder of the company previously owned 100% by Ariel Technologies.
Says managing director of Spartan Computer Rentals, Anton Leal: "Under Ariel Technologies the business was built as a strong and respected brand in South Africa and today is one of the few value-added rental companies, which offers long and short term rentals, as well as used PC Sales.
"Technologies Acceptances is one of the leading office automation, finance and rental companies in South Africa. TA finances and supports a broad range of the major office automation brands in this sector including Xerox and Alcatel.
"Through this new strategic partnership Spartan Computer Rentals acquires additional capabilities, placing it in a position to offer dynamic structured leasing and rental schemes allowing us to provide a total solution to our clients` needs - an all in one rental company."
Mr Leal says that the synergy between the two organisations is incredibly powerful. "Spartan`s competencies are in the PC rental environment and is now in a position to share in the expertise and experience which TA has gained over the years, in the leasing and finance environment. TA has focused on developing finance schemes and the systems to support these deals, which will be of great benefit to Spartan and its` customer base. Furthermore, TA has advanced treasury and credit assessment skills, which will be very beneficial to Spartan`s offering."
Says Ian Pennel, managing director of Technologies Acceptances: "We view this investment with a great deal of enthusiasm. Spartan Computer Rentals brings to the table sound management, good vision and a motivated staff in addition to a well-known brand name.
"This joint venture provides us with an entry into the IT market, allows us to broaden our short term offerings and will result in improved service to both our customers bases."
Initially a captive finance company serving the Fintech and parent company, the Altron Group, TA has branches in all major centres and capital value financed at R850m. Its extensive range of offerings include customised flexible structures, transaction based rentals, rental, maintenance and service agreements, invoicing and collection services, asset tracking, software finance and marketing reports.
Concludes Anton Leal: "As Spartan Computer Rentals is now backed both by IT giant, Ariel Technologies and the Fintech Group, it is well positioned to target the parastatal sectors, as well as large corporate organisations, looking for technology finance.
Spartan Computer Rentals has also increased its offering on a number of other fronts including the introduction of a loyalty card programme in the short term rentals division and buy-back rent options in the long term rental division. The Used PC sales division, established last year to serve schools, home-users and development programmes, is also experiencing good growth.
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