MRO Magazine

Microlease Achieves Third Consecutive Frost & Sullivan Company of the Year Award

December 10, 2015
By Business Wire News


Microlease, the global 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.

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, and 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.”

To win the Frost & Sullivan Company of the Year award requires a company to demonstrate excellence in growth, innovation, and leadership. Analysts look at how a company performs in terms of driving demand, brand strength, and competitive differentiation. In addition, they seek rigorous focus on visionary innovation to enhance customer value and impact. Frost & Sullivan’s independent analysis clearly showed that the company’s differentiated offering combined with a strong grasp of factors such as equipment availability and logistics that determine success in a rental market, allowed Microlease to grow its business at a much higher rate than its peers.

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 organizations globally use test equipment efficiently. Its services help minimize the costs of acquiring test equipment, optimize its use and maximize 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 Keysight Technologies, Tektronix, Keithly, Viavi, Rohde & Schwarz, Anritsu, and Advantest.

Founded in 1979, Microlease is the fastest growing test and measurement rental company in the world. It is Keysight’s Premier Rental Partner in the United States and Europe, as well as Authorized Distributor for Keysight Technologies, Tektronix, and many other brands.

Microlease was awarded the 2013, 2014 and 2015 Global Company of the Year Award in Test and Measurement Rental and Leasing Services by leading research organization Frost & Sullivan.

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Lauren Griffin, 510-264-0887 x7107