Emerging Lease Management Tools and Processes Are Poised to Reinvigorate IT Leasing and Financing Markets, IDC Predicts

FRAMINGHAM, MA – MAY 8, 2006 – A favorable climate for IT leasing is emerging as business managers, striving to close the growing IT capacity/budget gap, deploy new tools and services designed to improve lease contract management operational effectiveness. Through 2009, IDC expects at least one-third of large, multisite, multinational companies to revise and revamp their lease management processes with a combination of process and tool initiatives.

"Although this nascent trend is at the market's periphery, it presents the early phase of a period of renewal, innovation, and investment in the lease management area," said Joseph Pucciarelli, research director for Technology Financing Strategies at IDC. "A decade of unprecedented corporate merger and acquisition activity coupled with the typically decentralized lease management processes administered by departments, divisions, or functional business units within large companies is now colliding with a need to aggressively evaluate all means available to close the gap between IT budgets and requirements." Joseph Pucciarelli will further examine this trend, as well as opportunities in the technology financing arena, at an IDC executive briefing in Chicago on May 9, 2006.

IDC's study, New IT Lease Management Tools & Processes Strive to Re-enable IT Leasing (IDC #201533) examines the market trends impacting demand for IT leasing, IT organization lease management practices and new third-party IT lease management service offerings.

To purchase this document, call IDC's Sales hotline at 508-988-7988 or email sales@idc.com.

To register for the IDC-Regional Briefing, Technology Financing Strategies: Trends & Opportunities Through 2009, contact Kimberly Healy at khealy@idc.com or 508-988-7501, or go to http://www.idc.com/getdoc.jsp?containerId=IDC_P12758 for more information.

About IDC

IDC is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. Over 850 IDC analysts in 50 countries provide global, regional, and local expertise on technology and industry opportunities and trends. For more than 42 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting http://www.idc.com.