Leasing specialists Azule Finance have today announced their return to the Irish market providing finance options for broadcast and post-production companies in Ireland for the first time since 2008. Azule’s latest deal in the Irish market is with Dublin-based Egg Post Production, financing an Avid ISIS 5000 media storage solution to support the company’s expansion and meet increased demand from its customers for file-based production.
Azule’s entry into the market comes at a time where finance and investment from traditional sources is particularly hard to secure for specialist applications like broadcast technology. Azule’s relationships and strong track record in the finance industry, combined with its in-depth understanding of the broadcast market, stands to breathe new life into the TV industry in Ireland.
Egg Post Production’s Gareth Young explained: “The introduction of Azule as a specialist provider of finance and leasing is excellent news for the industry as a whole. Azule’s ability to provide quick and competitive finance meant we were able to invest in the latest technology from Avid and meet the heightened demand from our customers for non-linear editing solutions, and increase the range of services we are able to provide for our clients including BBC, SKY, RTE, TV3 and TG4, as well as our feature film clients”
Azule’s Rebecca Price added: “Being able to once again offer funding solutions in the Irish market is a real breakthrough as the Eurozone crisis seriously limited funding options for Irish productions and the post production industry. This is a major step for Azule and comes at a time when the Irish broadcasting market and wider media industry recovers from the effects of the recession. It’s great to be able to offer viable, swift and competitive finance options to clients such as Egg to help move their businesses forward.”
Azule’s expansion into Ireland follows the opening of the company’s German office in September 2011. Azule’s Irish financing options will be run out of the UK headquarters in Datchet, Berkshire.
Egg Post Production has recently announced the completion of Sky 1′s 12 part series ‘Sinbad’ and is currently in post on the new BBC drama “Ripper Street” at the company’s Dublin facility.
Azule Finance is a leading expert in finance, leasing and business management solutions, across a wide variety of sectors including, media and broadcast, entertainment, leisure, retail and IT. Azule Finance consists of three divisions, which specialise in Asset Finance, Export Finance and Business Consultancy. Established in 2004, Azule brokers competitive finance deals in both UK and foreign markets. http://www.azule.co.uk/.
Follow us on twitter at http://twitter.com/azulefinance