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Microlease achieves third Frost & Sullivan Company of the Year award
Named 2015 Company of the Year for Best Practices in Global Test and Measurement Rental and Leasing Services.
Harrow, UK, Wednesday, 2 December 2015: Microlease, the leading test and measurement equipment management company, today announced that it has been named Company of the Year for Best Practices in Global Test and Measurement Rental and Leasing Services by Frost & Sullivan for 2015. Microlease received the same accolade in 2013 and 2014.
Under the agreement, Microlease will now support and sell the full Keysight product range from hand held instruments to the top of the range bench instruments. This includes Keysight generators, sources, power supplies, RF test equipment and other instruments. Microlease will also offer Keysight thermal imaging instruments for the first time.
Jessy Cavazos, industry director at Frost & Sullivan, said, “Winning a Company of the Year award three times in succession is a very rare distinction, but because of its strong overall performance, Microlease fully earned the Frost & Sullivan 2015 Global Company of the Year Award. Striving to become the one-stop shop customers were looking for, the company has continued to broaden its offering from rental and leasing services to include new test equipment, used test equipment, and asset management services. Microlease has adopted a dramatically different strategy than its key competitors which has enabled it to grow its business at a much higher rate than its peers.”
“Customers are becoming more aware about the cost of test, they are exploring ways to better manage costs related to test and measurement tasks. Microlease is seeking to partner with them and help them identify and adopt test strategies that are more aligned with their needs. We are delighted that Frost & Sullivan has identified Microlease as the industry leader based on customer service, vision, financial performance and brand position for the third year in succession,” said Nigel Brown, Microlease CEO.
In its report Frost and Sullivan highlighted that Microlease’s success is driven by offering customers value and delivering high-quality services, creating strong customer loyalty. They were particularly impressed with the company’s strong technical expertise that supports customers. Moreover, Frost & Sullivan's research shows that its growing global footprint has also proved to be essential for providing local support in Asia for American and European customers with developing operations in the region.
Cavazos added, “Microlease’s geographic footprint is larger than that of any of its competitors and spans North America, Europe, and Asia-Pacific. The acquisition of Livingston boosted the organic growth of its rental business in Europe, and added locations in India and Singapore to strengthen its position in Asia.”
At the same time, Microlease announced that it has been named in the 2015 edition of London Stock Exchange Group’s 1000 Companies to Inspire Britain, a landmark report identifying the UK’s most exciting and dynamic small and medium-sized businesses.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
About Microlease
Microlease is the market leader in electronic test equipment, offering a range of solutions to help organisations globally use test equipment efficiently. Its services help minimise the costs of acquiring test equipment, optimise its use and maximise return at end of life without stretching capital expenditure, and include rental, leasing, sale of new and used equipment and buy-back as well as full asset management. Microlease supports its global customer base with over 57,000 test equipment assets worth over $430 million. A team of 350 specialists serves Microlease customers in over 150 countries from offices across Europe, the US and Asia. Microlease currently provides equipment from leading manufacturers, including Anritsu, Keithley, Keysight Technologies, Rohde & Schwarz, Tektronix and Viavi. Microlease is the market leader in electronic test equipment, offering a range of solutions to help organisations globally use test equipment efficiently. Its services help minimise the costs of acquiring test equipment, optimise its use and maximise return at end of life without stretching capital expenditure, and include rental, leasing, sale of new and used equipment and buy-back as well as full asset management. Microlease supports its global customer base with over 57,000 test equipment assets worth over $430 million. A team of 350 specialists serves Microlease customers in over 150 countries from offices across Europe, the US and Asia.
Founded in 1979, Microlease is the number one test and measurement rental company in Europe. It is Keysight’s Authorised Technology Partner (ATP) for the UK, Ireland and Italy as well as Premier Rental Partner (PRP) for Europe and Authorised Rental Partner for Tektronix and Viavi.
Microlease was awarded the 2013 and 2014 Global Company of the Year Award in Test and Measurement Rental and Leasing Services by leading research organization Frost & Sullivan.
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