CHG-MERIDIAN UK Limited purchased the share capital of Wyse Finance Limited

Wyse Finance Limited was formed by the acquisition of various Wyse Leasing regional companies in 2006 and since then has been trading as Wyse Leasing. It provides lease finance, primarily for IT assets, to its customers via its many channel and vendor partners. Wyse’s customer base is typically the smaller and medium sized corporate customer. Following a new successful venture with a key IT manufacturer Wyse has now consolidated its position in the public sector arena.

CHG-MERIDIAN’s own lease portfolio of large corporate and public sector customers has continued to grow in the UK, notwithstanding the current economic climate. And the Wyse business complements CHG-MERIDIAN’s strategy in its channel and partner business route to market. CHG-MERIDIAN’s service offerings, which include asset management and secure data erasure, will provide Wyse customers with a unique technology life cycle management solution in this sector.

“The energy and drive of its sales force first attracted us to the company” said Steve Swiatek, CHG-MERIDIAN’s UK Sales Director. “Looking closer, we quickly realised that it was a perfect fit for our channel partner business with excellent routes to market” he added. The Wyse sales force will continue to be managed by its current Sales Director, Wayne Fowkes who has agreed to continue to lead the business together with Peter Millard, Director of Operations.

Jürgen Mossakowski, CEO of the CHG-MERIDIAN group of companies said following the Group’s recent expansion into North and Central America, “we will continue to make additional investments in our existing territories when the acquisition makes strategic sense”.

About CHG-MERIDIAN Group
CHG-MERIDIAN Group is one of the world's leading manufacturer and bank independent providers of financing solutions and services in the field of information and communications technology. The group, which was founded in 1979, offers its customers holistic service in the field of IT infrastructure - from planning and financing, through the procurement process and installation, to pickup and resale of equipment via its own logistics and brokerage center. The independence and know-how of CHG-MERIDIAN's staff guarantees individual, best of class support.

For more information and images please visit www.chg-meridian.com
on the internet.