Oakville, Ontario –January 25, 2013 Xchange Technology Group (XTG), a leader in technology lifecycle management, has announced the promotion of Delvin Fletcher to the position of Chief Operating Officer. Since joining XTG in 2012, Delvin has held the executive positions of Senior Vice President of Business Solutions and Chief Information Officer, with global responsibility for information systems and XTG’s professional services organization. In his new role, he will assume responsibility for XTG’s global operations and technical teams, as well as its BlueRange Technology business unit. One of Delvin’s key objectives will be to mobilize XTG’s resources across its business units and global footprint to effectively serve customer technology deployment needs.
Prior to joining XTG, Delvin led the start-up of SAP Canada’s sustainability sales and marketing business unit as Vice President and was previously Senior Vice President and CIO at a private Canadian information security company with leadership responsibility for both information systems and manufacturing. His background includes more than 30 years of operations management, business development, system implementation, sales, strategy and IT work with several high growth entrepreneurial companies and one of Rubbermaid’s Canadian operating units.
Delvin holds an engineering degree from the University of Toronto and both the Certified Management Consultant (CMC) and Professional Engineering (P.Eng.) professional designations. He is based in XTG’s Oakville office and resides in suburban Toronto with his family.
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Oakville, Ontario – January 10, 2013 In a move to create greater reach and access in key markets, Xchange Technology Group (XTG), a leader in technology lifecycle management, is announcing the combination of the Canadian division of PartStock Computer with BlueRange Technology. PartStock Computer focused exclusively on the education marketplace and will remain dedicated to this line of business with the added services offered by solutions integrator BlueRange Technology, an IBM Premier Business Partner.
Mauro Sinagoga, formerly the Director of Sales for PartStock Computer, brings 20 years of experience in Canada’s IT channel to his new role leading the North American team as Vice President of BlueRange Technology. Mauro commented “I am excited for our customers moving forward. With the combination of BlueRange Technology and PartStock Computer our customers will have access to a broader range of solutions that BlueRange is well known for in the areas of networking, server and storage, while still receiving the excellent customer service and support they are accustomed to from our organization.”
Raleigh, NC – January 2nd, 2013 Xchange Technology Group today announced the appointment of Chappell Phillips as the Vice President of Administration & General Counsel. In his new role, Chappell will report directly to the CEO of XTG, Jeff McFarlane and will be in charge of national and international legal transactions, M&A, contract negotiations and other legal matters.
Chappell is a proven and effective consensus-builder and manager of international business initiatives with over 19 years of extensive experience in corporate governance, commercial contract negotiating, M&A, intellectual property, employment, regulatory compliance and more.
Chappell comes to XTG from PRA International, where he was the Director of Legal Affairs. Prior to PRA International, he was the Associate General Counsel with Kimball International for 11 years.
Chappell holds a juris doctor degree from the University of North Carolina School of Law and a bachelor’s degree in Latin American Studies from the University of North Carolina in Chapel Hill. He is a member of the State Bar of North Carolina and Association of Corporate Counsel.
Raleigh, NC – October 12th, 2012 Xchange Technology Group (XTG), one of the world’s premier providers of life-cycle management solutions for IT assets announced today that it has entered into a strategic financing relationship with Callidus Capital Corporation. The financing will be used to replace XTG’s existing senior lender and to provide working capital to XTG and its six operating entities – IT Xchange, BlueRange Technology, PartStock Computer, Vernon Computer Source, Hamilton Rentals and Xchange Technology Rentals.
“We’re extremely pleased to have entered into this strategic relationship with Callidus. With support from a sophisticated investor like Callidus, Xchange Technology Group through its subsidiaries, will continue driving the growth of our technology remarketing, resale and rental businesses,” says Jeff McFarlane, President and CEO.
"We are excited to be able to assist the management team of Xchange Technology Group with their growth plans," says Davis Reese, Chief Operating Officer of Callidus. "We found Jeff and his team extremely capable, which allowed us to complete the transaction in a very short timeframe."
About Xchange Technology Group
Xchange Technology Group (XTG), established in 1996, is a multinational corporation with regional offices in the United States, Canada, United Kingdom, Germany, Switzerland, Japan, Macau (China) and Australia. It manages six business units in 18 locations that provide technology resale, rental and remarketing solutions, financing and services. XTG specializes in technology lifecycle management, designed to dramatically improve the return on customers’ technology investments at all stages of the lifecycle.
About Callidus Capital Corporation
Callidus Capital Corporation established in 2003, is a privately held Canadian company that specializes in innovative and creative funding solutions for companies in Canada and the United States. Headquartered in Toronto, Canada, Callidus assists mid-market companies by providing timely access to capital. Please see www.calliduscapital.ca for more details.
ITX_Renews_ISO9001_2008_Certification.pdfRaleigh, NC – September 28, 2012 IT Xchange, a leading distributor of secondary market personal computer products and server technology, has successfully renewed its ISO 9001:2008 quality assurance model. IT Xchange is proud to maintain this accreditation for commitment to quality management and controls in all areas of Operations including Purchasing, Audit, Refurbishing and Warehousing processes. The certification also acknowledges our commitment to maintaining engaged employees through our employee development and hiring processes.
ISO, a worldwide federation, promotes the development of quality control standards across companies internationally and sets the benchmark that companies with a high commitment to quality should aim to achieve. ISO 9001:2008 serves as a framework for managing organizational processes and aims at guaranteeing the effectiveness of the organization. The certification places great emphasis on monitoring, maintaining and improving processes.
To maintain ISO 9001:2008 certification, IT Xchange was audited at their Canadian, US and UK distribution centers to verify that all ISO regulations were being met. All written documentation was carefully analyzed, and no non-conformances were identified. IT Xchange has been certified for six years with no major non-conformances risen, a true indication of their commitment to quality worldwide.
"Maintaining our ISO 9001:2008 is representative of our commitment to the highest quality across all our business processes", said Doug Cowell, Global Director of Operations for IT Xchange. “Our goal is to provide our customers and business partners with superior service and unparalleled quality, the ISO certification is a testament to this dedication. We are proud of this achievement and commend our staff for the commitment to this standard that they demonstrate each and every day."
For more information, please see our certification attached
Darmstadt, Germany - July 30, 2012 Livingston Hamilton, a short-term IT and AV rental solutions company, will unveil the first phase of its new brand identity on Aug. 1, 2012. After this date, the organization will operate under the new name of Xchange Technology Rentals (XTR), as part of the global rebranding strategy for the rental divisions of the parent company, Xchange Technology Group.
"The change in our name exhibits a strong and unified global company," stated Siggi Franz, the managing director of XTR's German division.
Xchange Technology Group's 2011 acquisition and integration of the U.K-based Hamilton Rentals with Livingston Hamilton in Germany created Europe's largest short-term IT and AV rental business. Now, combined with Vernon Computer Source in North America, the new brand will demonstrate XTR's global reach and worldwide IT and audio visual rental capabilities.
Jeff McFarlane, CEO of Xchange Technology Group, commented that "the rebranding of the three rental units will harmonize our brand and demonstrate to both customers and vendors alike, the global reach and breadth of product expertise at Xchange Technology Rentals - from personal computer technology, and enterprise level server and storage solutions to the AV equipment Livingston Hamilton is so well known for."
The rebranding process and strategic repositioning began with Livingston Hamilton in the spring of 2012 as the 115 employees became part of a larger, global team collaborating and bringing forth new innovative ideas. "There will be no transformation to our structure itself. From the management team to our warehouse employees, everything remains the same," said Franz.
Livingston Hamilton is expecting a significant increase in European business this autumn, including a series of transactions to supply over 1000 LED displays for the world's largest fair for interactive games and entertainment "gamescom" in August of 2012.
Xchange Technology GmbH
Xchange Technology Rentals (www.xtr-global.de), based in Darmstadt, Germany, is the world's leading IT rental company providing international rental of IT and audio visual equipment. Customers use its extensive rental fleet for major sporting events, trade shows, exhibitions, training courses, as well individual presentations and meetings. The company also manages server and storage evaluation programs for several major vendors. The clients of Xchange Technology Rentals are as diverse as its inventory, ranging from local organizations to more well-known global players across multiple industries, such as leading software and hardware suppliers, as well as internet providers, network-installation and service companies, finance, insurance and telecommunication enterprises, in addition to larger groups in the auto and aircraft industry.
Oakville, ON – June 20th, 2012 - BlueRange Technology, a premier and global provider of technology solutions in the worldwide marketplace, has once again been named one of Canada’s Top 100 Solution Providers for 2011. Having moved up 6 spots from the previous year and 22 spots from 2009, BlueRange’s accelerated climb is attributed to their drive and determination in helping their customers solve their ongoing business challenges. This resolve, coupled with a team of certified technical and design engineers, allow BlueRange to provide customers with an unparalleled level of service on a global scale.
Jeff Archer, BlueRange’s Vice President of Sales and Business Development, is happy with another year on the highly respected CDN charts . “I am thrilled to be on the esteemed list of CDN’s Top 100 Solution Providers. We continue to adopt and embrace innovation and ensure we are focused on delivering leading-edge technologies and solutions to our customers globally. Our emphasis on the needs of the customer and guiding them through their technology investments from design to deployment and beyond is what sets us apart from other leaders in this industry.”
With an aggressive growth plan for 2012 and the right team for execution, BlueRange Technology is well-equipped to continue to climb the rankings for the near future.
RALEIGH, N.C., June 20, 2012 (GLOBE NEWSWIRE) -- Triangle Capital Corporation (NYSE:TCAP) ("Triangle" or the "Company"), a leading provider of capital to lower middle market companies located throughout the United States, announced today that it closed a $6.0 million subordinated debt investment in Xchange Technology Group ("XTG"). Established in 1996, XTG operates six business units that provide information technology, life cycle management, and short-term technology rental solutions to commercial, educational and wholesale clients across North America, Europe, and Asia.
About Triangle Capital Corporation
http://www.tcap.com/investments/triangle-invests-in-xchange-technology-g...
Triangle Capital Corporation (www.TCAP.com) invests capital in established companies in the lower middle market to fund growth, changes of control and other corporate events. Triangle offers a wide variety of investment structures, and specializes in mezzanine financing with equity components. Triangle's investment objective is to seek attractive returns by generating current income from debt investments and capital appreciation from equity related investments. Triangle's investment philosophy is to partner with business owners, management teams and financial sponsors to provide flexible financing solutions. Triangle typically invests $5.0 million - $25.0 million per transaction in companies with annual revenues between $20.0 million and $200.0 million and EBITDA between $3.0 million and $20.0 million.
Triangle has elected to be treated as a business development company under the Investment Company Act of 1940 ("1940 Act"). Triangle is required to comply with a series of regulatory requirements under the 1940 Act as well as applicable NYSE, federal and state laws and regulations. Triangle has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986. Failure to comply with any of the laws and regulations that apply to Triangle could have a material adverse effect on Triangle and its stockholders.
Source: Triangle Capital Corporation http://www.globenewswire.com/newsroom/news.html?d=259780
Raleigh, NC – May 31, 2012 Alan Rupp has joined XTG as the Senior Vice-President of Finance, effective May 22, 2012. In his new role, Alan will report directly to the CEO of XTG, Jeff McFarlane and will have overall responsibility for the global treasury and cash management function, as well as budgeting, forecasting, foreign exchange, and analytics. Alan comes from Dex One, where he was the Assistant Vice-President of Corporate Finance.
While at Dex, Alan led Accounting, Financial Planning and Analysis, Enterprise-wide Reporting and Strategy teams. He also directed and managed successful Oracle and Hyperion financial system implementations. Prior to Dex, Alan was a Controller at the global manufacturer Lord Corporation. Aside from a variety of successful financial roles at Lord, Alan also project managed their SAP implementation and several Hyperion financial management implementations.
Alan has over 24 years of senior level finance experience and is a Certified Public Accountant. Alan holds a BS degree in Accounting from Gannon University.
N.C. Program, "Students@Work" Visits G.C. Hawley Middle School
Article courtesy of Granville County Schools
(L to R) Principal Wiggins, Mr. Green, Ms. Cobey, Mr. Moss
"The skills you are learning in Mr. Green's class are the foundation for any successful career in business. Learning how to effectively use computers for multiple tasks is very important. Whether you are presenting using a PowerPoint, using Excel to organize and analyze numbers, or just learning how to access and organize information, you will need these talents", stated Moss, who attributed some of his own success to technology-related skills learned in high school. Ms. Cobey echoed these remarks by describing what types of abilities are needed to work in today's global careers. She described the types of services and products offered to customers throughout the world by their companies. "Another very important skill for students to learn today is a foreign language", herself a multi-lingual business woman. She also went on to say, "More and more companies are looking for employees who are able to communicate with customers around the world. This is very important."
The two technology industry experts came to Hawley as part of a program, "Students@Work" established by the First Gentleman, Mr. Bob Eaves, a businessman himself. This statewide initiative strives to bring business leaders and middle school students together so that students may begin thinking and planning for their own successful futures.
Moss and Cobey presented to approximately 50 students that day. "It is my hope that in the coming years we can help the NCBCE expand the Students@Work in Granville County. This is obviously a worthwhile endeavor."
We in Granville County Schools certainly agree and are grateful for their time and efforts in working with our students, and look forward toward future plans of working together.
For more information about the article and author, please visit The Granville County Schools website: http://www.gcs.k12.nc.us
Oakville, ON Nov 18, 2010 – PartStock Computer, a leader in technology lifecycle solutions for the education market, announced today the appointment of Mauro Sinagoga as Director of Sales, PartStock Canada. Mauro will be responsible for developing and implementing an aggressive growth plan for PartStock in Canada and will report to David Hoeffel, General Manager of PartStock Computer.
Mauro brings an exceptional record of successful technology sales, business development, and vendor management at major vendor and channel organizations over his 24 year career in the Canadian IT industry. Mauro most recently spent 9 years at MDG Computers where he launched and managed the Corporate, Education & Government business unit. Prior to MDG, he held progressive management roles with Epson, Microdyne Corporation, and Viking Components
“We are pleased to have a seasoned and experienced professional like Mauro join in a leadership role on the PartStock team”, commented PartStock General Manager, David Hoeffel. “Mauro brings exceptional depth and breadth of market knowledge and trusted relationships and will be instrumental in growing the PartStock business in the Canadian K-12 and post-secondary education markets”, added Hoeffel.
“PartStock has a proven success formula of high customer touch, demonstrated customer value, and long term partnerships in the U.S. education markets and I’m excited to be leading the team to deliver the same success formula in the Canadian region”, commented Mauro Sinagoga. “Canadian education customers continue to look for the highest value for their computing budgets and the PartStock model offers just that”, Sinagoga added.
Raleigh, NC (USA) – June 1, 2010 – Xchange Technology Group, a global leader in IT asset and technology lifecycle management, announced today that it has been awarded the Microsoft Authorized Refurbisher designation. The Microsoft Authorized Refurbisher Program is designed to allow large IT channel organizations to deliver genuine preinstalled Microsoft software licenses to their customers on re-manufactured or refurbished systems they sell.
“Our customers will see the immediate benefit from access to qualified refurbished PC’s with a current and legitimate operating system license pre-installed; allowing XTG customers access to downloads, updates or other enhanced features of the OS”, commented Dan Stefkovich, Senior Vice President of Global Operations and Business Development at XTG
The Program creates a strong market differentiator for qualified OEM Refurbishers beyond being able to offer authentic Microsoft software on systems; through ongoing engagement with a Microsoft account manager, additional revenue opportunities, and heightened market recognition as an authorized Microsoft business partner.
“Xchange Technology Group has always been committed to providing the highest quality refurbished products to our customers. The Microsoft Authorized Refurbisher qualification is just one more continuing improvement in our overall product quality”, added Jeff McFarlane, President and CEO of Xchange Technology Group.
Oakville, ON Dec 15, 2009 – BlueRange Technology, a leader in information technology and VDI solutions, announced today the appointment of Jody Zedor as Vice President, Sales and Business Development. Jody joins the team in a leadership role and will focus on the continued growth of the overall BlueRange business in North America. Jody will be located in the Oakville, Ontario head office reporting, to Jeff McFarlane, President and CEO of the Xchange Technology Group.
Jody Zedor brings a proven record as an expert sales leader and business developer over the past 20 years; with a career comprised of leadership roles at corporate end-user and channel sales within the IT vendor and reseller space. His tenure involved positions at various manufacturers and distribution channels including Hewlett-Packard, GE Capital IT Solutions, and Dell Canada. Just prior to joining BlueRange Technology Jody was Director of Sales, Central Region, at HP Canada where he led a team of sales and service professionals that were focused on the needs of channel business partners, plus commercial SMB customers across the entire HP portfolio.
“Jody is an excellent addition to the executive team at BlueRange Technology and brings with him a comprehensive understanding of IT solutions and the mid-market customer segment” commented Jeff McFarlane, President & CEO. ”His experience in both the Systems Integrator and Vendor roles provides him a unique perspective that will be insightful as he leads the expansion BlueRange Technology in North America” McFarlane added.
“I’m excited about the opportunity to join such a well managed, and growth orientated company. The opportunities that lie ahead for BlueRange Technology are endless. The company is uniquely positioned to capitalize on Data Center server/storage consolidation and virtualization opportunities, as well as Virtual Desktop and Networking opportunities in this fast growing marketplace” commented Zedor.
Raleigh, NC, May 1, 2009 – Xchange Technology Group takes another step towards becoming the world’s largest provider of flexible and cost-effective lifecycle management programs for IT assets, with the acquisition of PartStock Computer LLC of Minneapolis, MN.
Established in 1994, PartStock Computer is well-known for providing exceptional service to their educational customer base including K-12, college and university, and business customers. At the core of PartStock's foundation is the company's enduring commitment to customer service combined with a proven record delivering quality technology solutions. This profoundly customer-centric business model is congruent with XTG’s commitment to excellence globally, and is a clear demonstration of PartStock’s fit within the XTG organization.
PartStock will represent the fourth strategic business unit along side XTG’s three existing companies: IT Xchange, BlueRange Technology, and Vernon Computer Source. Combining PartStock’s inventory with the extensive inventory in XTG’s six distribution centers worldwide will allow the companies to offer their clients significantly increased product selection. This will increase their competitive edge in the marketplace and accelerate XTG’s future growth in the global marketplace with PartStock as a significant contributor in that growth.
“On behalf of the entire PartStock employee family we welcome the opportunity to be part of the Xchange Technology Group of companies” states PartStock’s GM, Dave Hoeffel. “Being joined with XTG will enable PartStock to significantly increase our ability to deliver enhanced customer service and computer technology value to our customers.”
Asked to comment on the acquisition, Jeff McFarlane, XTG’s CEO, says: “The team at Partstock is well-known to XTG and will be a fantastic addition to the group. Their high performance culture and strong customer service orientation, combined with the resources and global reach of XTG will greatly enhance the breadth and depth of offerings that XTG can collectively deliver to the customers of Partstock. We are particularly excited about the broader offering that Partstock will be positioned to deliver in terms of products from IBM, Lenovo, Apple and leading-edge solutions like desktop virtualization.”
