Econocom Expands Financing Solutions in Response to Tech Capital Needs

Faced with technology investments surpassing €1.2 trillion annually, European companies grapple with challenges such as high capital costs and stringent regulations. Econocom, during a conference in Rome, announced the extension of its Financing Solutions vertical. This strategic move aids firms in managing their technology assets from acquisition to end-of-life recovery, aligning with the evolving imperatives of technology capital management.

Angel Benguigui, CEO of Econocom, emphasized the importance of aligning investment cycles with usage, promoting agility and innovation. This perspective resonates with the current €67 billion IT distribution market in Europe, where Econocom aids CFOs and CIOs in adopting flexible investment models. With examples like InVivo Group, companies are achieving enhanced budget visibility and CSR impacts through Econocom's model.

By focusing on full asset lifecycle management, Econocom not only reduces costs but also meets environmental and regulatory goals. This holistic approach is further supported by a structured industrial ecosystem spanning France and Germany, ensuring effective end-of-cycle asset management and contributing to decarbonization objectives.