Key Equipment Finance announced the expansion of its technology team and innovative technology finance products as the company rolls out a comprehensive strategy to meet the equipment finance needs of the technology sector.
Ernie Morales and Jennifer Specht joined Key Equipment Finance as technology finance vice presidents based out of the San Francisco Bay Area. Morales and Specht bring extensive experience in technology sales and financial services and will be responsible for growing and building Key Equipment Finance’s technology vendor relationships in Silicon Valley and the Bay Area.
Kevin Quarantello joined the Key Equipment Finance technology sales team as vice president, service providers. Quarantello’s responsibilities include delivering finance solutions to large IT and telecom service providers and global systems integrators (GSIs), many of whom are making a shift toward providing and financing managed services solutions for their end-user customers. He brings more than 25 years of technology sector experience to the role and will be based in Norwalk, Connecticut.
Key Equipment Finance also promoted technology finance veteran Shawn Arnone to vice president, wholesale sales leader for the technology team. Arnone brings more than 25 years of sales, customer relations and managerial experience to this position. In his new role, he will lead a team of program management and account executive professionals focused on delivering best in class wholesale vendor finance products to manufacturers, captives and independent finance organizations throughout the U.S.
“Technology finance is a critical component of Key Equipment Finance’s overall business strategy, and we have been methodical in selecting a team that can deliver our products and solutions to current and prospective clients in this market,” said Joseph Pulicano, senior vice president of technology at Key Equipment Finance. “We have developed an entire business strategy around enhancing the value we bring to our technology clients, particularly as more companies make the shift to managed solutions, and I look forward to working with my team to deliver on that strategy.”
Key Equipment Finance also provides innovative financing solutions designed to help meet the changing needs of today’s technology companies. The financing solutions support a variety of managed services structures which enable technology providers (OEMs, resellers and service providers) to deliver the “as-a-service” solutions that their customers increasingly demand. A purchase order financing option allows clients to utilize a purchase order for transactions that meet certain criteria. The company’s consumption model service provides maximum flexibility when financing infrastructure related assets such as storage and network solutions.
“Intangible assets and services are increasingly part of today’s technology equipment acquisitions, and we are committed to providing forward-thinking financing solutions to help meet the changing needs of our technology clients,” said Pulicano. “I’m excited to have the right team in place to deliver our portfolio of technology financing solutions that is now more innovative and more flexible than ever before.”