insightsoftware Acquires LeaseAccelerator, Leading Provider of Lease Accounting, Real Estate Lease Administration, and Lease Lifecycle Management
2024年7月11日 - 11:00PM
insightsoftware, the most comprehensive provider of solutions for
the Office of the CFO, today announced it acquired
LeaseAccelerator, a leading provider of automated solutions for
lease accounting, real estate lease administration, competitive
lease sourcing, and lease lifecycle management. The acquisition
extends insightsoftware’s market reach in the U.S. and enhances its
lease accounting and administration solutions. LeaseAccelerator
offers a core capability crucial for CFOs and Controllers that
provides full control over the entire lease lifecycle.
Organizations struggle to manage lease sourcing,
administration, accounting, and emissions reporting for real estate
and equipment assets. Founded in 2003, LeaseAccelerator provides a
comprehensive platform for lessees and lessors that automates the
entire lease management process. LeaseAccelerator, EZLease,
PureLease, and LeaseController ensure accounting compliance and
bridge the gap between procurement leaders, real estate managers,
ESG managers and controllers. LeaseAccelerator is proven to deliver
operational efficiency and free up cash by providing visibility
into asset-level lease data. LeaseAccelerator manages and automates
900,000 real estate and equipment leases across 142 countries.
“This acquisition not only expands our offerings
but signifies our commitment to this segment. By integrating
LeaseAccelerator into our portfolio, we solidify our position as
one of the most comprehensive solution providers for the Office of
the CFO,” said Monica Boydston, General Manager, Controllership at
insightsoftware. “LeaseAccelerator provides solutions with
extensive capabilities in lease accounting and real estate lease
administration, empowering organizations to streamline asset and
real estate leasing processes for sustainable ROI. With a unified
lifecycle approach for effective and compliant lease management,
the LeaseAccelerator platform frees financial teams to focus on
high-value tasks while doing more with fewer resources.”
LeaseAccelerator's lease accounting and management
platform serves enterprise, mid-market, and SMB customers,
regardless of lease count. It automates and scales lease processes
and eliminates manual work to provide consistent and complete lease
data. With certified connections to all major ERP and accounting
platforms (SAP, Oracle, Microsoft, JDE, Infor, Workday, Netsuite,
Siebel, Salesforce), LeaseAccelerator ensures data is synchronized
and reporting is accurate.
“Global organizations struggle with the efficient
and accurate management of real estate and equipment leases, which
results in compliance gaps, overpayments, and wasted resources.
LeaseAccelerator solutions are designed to solve these problems and
drive substantial, quantifiable savings,” said Michael Keeler, CEO
of LeaseAccelerator. “By joining insightsoftware, we are further
empowering financial teams with deep visibility into and control
over the entire lease lifecycle, delivering the confidence required
to make effective financial decisions. Our customers now have
access to an extensive portfolio of complementary solutions serving
the Office of the CFO.”
In the last six years, insightsoftware has acquired
28 companies, with 2024 seeing three acquisitions including
LeaseAccelerator, FXLoader and Fiplana. Atlas Technology Group, a
technology-focused investment bank based in San Francisco,
California, served as the financial advisor to LeaseAccelerator in
this deal.
About
insightsoftwareinsightsoftware is a global provider
of comprehensive solutions for the Office of the CFO.
We believe an actionable business strategy begins and ends
with accessible financial data. With solutions across
financial planning and analysis (FP&A), accounting, and
operations, we transform how teams operate, empowering leaders
to make timely and informed decisions. With data at the heart
of everything we do, insightsoftware enables automated
processes, delivers trusted insights, boosts predictability,
and increases productivity. Learn more
at insightsoftware.com.
About
LeaseAcceleratorLeaseAccelerator provides enterprise lease
lifecycle automation software that ensures compliance, improves
operational efficiency, accelerates emissions reductions, and frees
up cash. Thousands of users rely on our secure
Software-as-a-Service (SaaS) platform to manage and automate
900,000 real estate and equipment leases valued at $250 billion
across 2 million assets in 142 countries.
Media ContactsInkhouse for
insightsoftwareinsightsoftware@inkhouse.com
Daniel TummeleyCorporate Communications
ManagerPR@insightsoftware.com
A photo accompanying this announcement is available
at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1b14c9b8-fd79-4b39-af58-28a912556c61