insightsoftware, a global provider of reporting, analytics, and performance management solutions, acquired LeaseAcelerator, a Reston, Virginia-based provider of automated solutions for lease accounting, real estate lease administration, competitive lease sourcing, and lease lifecycle management.
The amount of the deal was not disclosed.
The acquisition extends insightsoftware’s market reach in the U.S. and enhances its lease accounting and administration solutions. The addition of LeaseAccelerator, EZLease, PureLease, and LeaseController solutions strengthen insightsoftware’s lease offerings, expanding its capabilities and global reach.
Led by Michael Keeler, CEO, LeaseAccelerator provides enterprise lease lifecycle automation software that ensures compliance, improves operational efficiency, accelerates emissions reductions, and frees up cash. Its 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. Thousands of users use its 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.
insightsoftware is a global provider of comprehensive solutions for the Office of the CFO. With solutions across financial planning and analysis (FP&A), accounting, and operations, the company enables automated processes, delivers insights, boosts predictability, and increases productivity. In the last six years, the company has acquired 28 companies, with 2024 seeing three acquisitions including LeaseAccelerator, FXLoader and Fiplana.
FinSMEs
12/07/2024