Frost & Sullivan recognizes Microlease with
Competitive Strategy Leadership Award
Hayward, CA, USA: May 10,2012: Microlease, the leading test equipment rental and asset management organization, has been awarded a 2012 Frost & Sullivan Competitive Strategy Leadership Award for Rental, Used and Distributed Test Equipment in North America. The announcement comes just six months after the firm acquired MetricTest, a US-based solution provider for buying, renting and leasing new and refurbished electronic test equipment.
With the acquisition of MetricTest, Microlease has extended its reach in North America across all its business areas. As the number two distributor in the U.S. for Agilent Technologies, the global leader in the electronic test equipment market, MetricTest’s broad customer base allows Microlease to accelerate its growth in North America. Microlease expects to work with this client base and provide a broader range of services, including asset management services, while growing its rental market share in the U.S.
Microlease has recently secured significant asset management contracts, which include helping customers to generate income from under-utilized assets.
Frost & Sullivan highlighted the innovative solutions Microlease provides for customers ‘that go beyond the provision of rental services, extending to asset management services which help them manage their inventory more effectively.’
“The Competitive Strategy Leadership Award is a prestigious recognition of Microlease’s accomplishments in the rental, used and distributed electronic test equipment market,” says Jessy Cavazos, Industry Director – Test & Measurement, Frost & Sullivan.
“In the past five years, Microlease has delivered compound annual growth (CAGR) of over 30 per cent. This is testament to the value the company provides customers,” says Nigel Brown, CEO, Microlease.
“In tough economic times, helping customers maximize the use of their assets and procure equipment more effectively is extremely valuable,” continues Brown. “With increased awareness around cost of ownership, there is expected to be more opportunity for Microlease to help customers manage their costs more effectively and deliver value to them.”
Microlease chief executive, Nigel Brown, added: “We are delighted that our experience and international business strategy has been recognized by Frost & Sullivan. Our work in North America and other international markets forms a core component of our continuing commitment to meet growing demand for cost-effective test equipment and services globally.”
Founded in 1979, Microlease is the number one test and measurement rental company in Europe and ships to over 85 countries globally. It is also well-established in North America, with operations in Cary, North Carolina; Dallas, Texas and Hayward, California following its acquisition of MetricTest. Microlease currently provides equipment from leading manufacturers including Agilent Technologies, Tektronix, Anritsu, JDSU, Rohde & Schwarz and Keithley, among others. It is Agilent’s Authorised Technology Partner (ATP) for the UK, Ireland and Italy as well as Premier Rental Partner (PRP) for Europe and Authorized Rental Partner for JDSU and Tektronix. With a strong customer-base that includes Alcatel Lucent, Thales, EADS Astrium and Huawei, among many others, Microlease provides a range of solutions to help organizations to obtain and use equipment, including rental, leasing, sale and buy-back of a wide range of test and measurement equipment as well as support services from calibration to full asset management. The services Microlease provides allow customers to minimize the costs of acquiring equipment, optimize its use and maximize return at end of life without stretching capital expenditure. For more information, please visit www.metrictest.com (US) or www.microlease.com (EU).
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