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In the Marketplace

By ALM Staff | Law Journal Newsletters |
March 27, 2014

First Financial Healthcare Solutions of Placentia, CA has named Terry Gill as regional vice president responsible for expanding and supporting First Financial's customer base throughout the Southeast. Gill was most recently vice president of the Healthcare practice at ePlus, Inc., where he was responsible for providing IT and finance solutions to the hospital market. Prior to ePlus, Gill spent five years as vice president with Bank of America Healthcare Finance, where he was responsible for marketing the bank's services to large healthcare systems.

Hitachi Business Finance has formed a new government receivables division, Hitachi Government Finance. Located in Columbia, MD, the new division will focus on providing working capital to businesses providing goods and services to federal agencies and select local governments or those who work as subcontractors to large government prime contractors. Prospective clients range from small, economically disadvantaged businesses to mature, publicly operated and traded companies with monthly financing needs from $50,000 to $25 million. Industries include professional and non-professional staffing, logistics, IT services, accounting, program management, security, facility operations and maintenance, and products. The division will be led by Joe Bennett, who previously served as senior vice president of Commerce Funding Corporation, a government contractor factoring company. He will be joined by Gayle Dorsey, also formerly with Commerce Funding.'

King Commercial Finance of St Louis, MO, announced that Bob Rinaldi has joined the company as chief executive officer. Rinaldi formerly served as senior vice president at CSI Leasing, also headquartered in St. Louis. In his new position, Rinaldi will be focused on King's expansion plans in the commercial and industrial equipment financing sector and in sustainable energy initiatives predominantly in the “built space.” Founded in 1982, King Commercial Finance provides equipment financing for companies of all sizes and specializes in implementing sales aid finance programs for manufacturers, vendors and distributors of capital equipment to the commercial and industrial sector.

The Equipment Leasing & Finance Foundation has released a new study, “Big Data: A Study for the Equipment Finance Industry.” It shows that early investment in “Big Data” is expected to benefit equipment leasing and finance firms that invest early. The study presents the role Big Data plays today, and can play in the future, in equipment leasing and finance companies.

The study, conducted by Genpact under a Foundation research grant, sought to examine the current state of understanding and application of Big Data both in the equipment finance industry, as well as in other industries, including banking. Citing a 2013 Gartner survey, the study reports that banking, media and communications, and service industries are leading investment in Big Data. Globally, 64% of companies have already invested in some aspect of Big Data or say they plan to invest by June 2015, while 38% of U.S. businesses already have invested.

The study can be purchased at http://bit.ly/1geb0nQ.

'

First Financial Healthcare Solutions of Placentia, CA has named Terry Gill as regional vice president responsible for expanding and supporting First Financial's customer base throughout the Southeast. Gill was most recently vice president of the Healthcare practice at ePlus, Inc., where he was responsible for providing IT and finance solutions to the hospital market. Prior to ePlus, Gill spent five years as vice president with Bank of America Healthcare Finance, where he was responsible for marketing the bank's services to large healthcare systems.

Hitachi Business Finance has formed a new government receivables division, Hitachi Government Finance. Located in Columbia, MD, the new division will focus on providing working capital to businesses providing goods and services to federal agencies and select local governments or those who work as subcontractors to large government prime contractors. Prospective clients range from small, economically disadvantaged businesses to mature, publicly operated and traded companies with monthly financing needs from $50,000 to $25 million. Industries include professional and non-professional staffing, logistics, IT services, accounting, program management, security, facility operations and maintenance, and products. The division will be led by Joe Bennett, who previously served as senior vice president of Commerce Funding Corporation, a government contractor factoring company. He will be joined by Gayle Dorsey, also formerly with Commerce Funding.'

King Commercial Finance of St Louis, MO, announced that Bob Rinaldi has joined the company as chief executive officer. Rinaldi formerly served as senior vice president at CSI Leasing, also headquartered in St. Louis. In his new position, Rinaldi will be focused on King's expansion plans in the commercial and industrial equipment financing sector and in sustainable energy initiatives predominantly in the “built space.” Founded in 1982, King Commercial Finance provides equipment financing for companies of all sizes and specializes in implementing sales aid finance programs for manufacturers, vendors and distributors of capital equipment to the commercial and industrial sector.

The Equipment Leasing & Finance Foundation has released a new study, “Big Data: A Study for the Equipment Finance Industry.” It shows that early investment in “Big Data” is expected to benefit equipment leasing and finance firms that invest early. The study presents the role Big Data plays today, and can play in the future, in equipment leasing and finance companies.

The study, conducted by Genpact under a Foundation research grant, sought to examine the current state of understanding and application of Big Data both in the equipment finance industry, as well as in other industries, including banking. Citing a 2013 Gartner survey, the study reports that banking, media and communications, and service industries are leading investment in Big Data. Globally, 64% of companies have already invested in some aspect of Big Data or say they plan to invest by June 2015, while 38% of U.S. businesses already have invested.

The study can be purchased at http://bit.ly/1geb0nQ.

'

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