Westcon's parent lands in Australia with finance business

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Westcon's parent lands in Australia with finance business

Datatec Financial Services has announced its first Australian office located in Sydney.

Datatec Financial Services is a subsidiary of Datatec, the South African parent company of distributor Westcon-Comstor, and IT solutions providers Logicalis and Thomas Duryea. The company provides financial solutions and services to end user customers, partners and manufacturers of Datatec’s operating divisions, Logicalis and Westcon-Comstor.

Mark Hegarty was appointed the director. Hegarty has extensive experience in the finance industry and was most recently the national sales manager at CNH Industrial Capital and, before that, he was managing director at Future Finance Corporation.

He will be responsible for leading the company's business strategy and operations, and managing and delivering its financial solutions and products portfolio to Logicalis and Westcon-Comstor’s customers, partners, and manufacturers in their respective geographies.

Jens Montanana, chief executive of Datatec Group, said that Hegarty's appointment makes a "valuable addition to the team as the business continues to develop its offering across Australia".

"The financing solutions Datatec Financial Services offer Westcon-Comstor and Logicalis customers are a key point of differentiation for us in a highly competitive and ever-changing marketplace," said Montanana.

Christian Roelofs, managing director at Datatec Financial Services, commented: "With the expansion of our team we now have a foundation across our core geographies to provide Westcon-Comstor and Logicalis with unique financial solutions. By integrating the financial services offering with the customer offering from the outset we can provide a genuine competitive advantage."

Datatec is not the first distributor to bring a financial arm to Australia in recent times. Last month, Exclusive Capital, a subsidiary of Exclusive Networks, announced the availability of its financing and leasing services, initially to Exclusive Networks partners.

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