Expansive demand for robust lease accounting and management solutions drives 1,193% revenue growth over a three-year period
Woodbridge, NJ – November 18, 2020 — Visual Lease, the leader in lease accounting and management software, today announced that the company ranked 167 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest-growing public and private technology, media, telecommunications, life sciences and energy tech companies in North America. Visual Lease revenue grew by 1,193% over a three-year period, from 2016 to 2019.
Marc Betesh, CEO and Founder of Visual Lease, credits the company’s industry-leading technology, 98 percent customer retention rate and the market demand for lease accounting compliance for its impressive revenue growth.
“Being named one of Deloitte’s fastest-growing companies is a testament to our dedication to providing an exceptional customer experience,” stated Betesh. “Visual Lease offers robust lease accounting capabilities that are unmatched within the industry. I’m proud of our team who has worked so hard to deliver solutions and services that address the need to manage and account for critical lease information.”
Deloitte’s Technology Fast 500 list selects winners based on percentage fiscal year revenue growth from 2016 to 2019.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Earlier this year, Visual Lease’s explosive growth gained recognition within the top 10 percent on the Inc. 5000 list of fastest-growing companies in America. Since 2016, Visual Lease has grown its employee base by more than 1,000 percent and has plans to introduce new roles in 2021.
About Visual Lease
Visual Lease provides lease accounting and lease administration software solutions to help companies manage, analyze and report on their leased asset portfolios, including real estate, equipment and more. The company’s SaaS platform combines GAAP, IFRS and GASB-compliant lease accounting controls with sophisticated and flexible lease portfolio administration. Over 700 of the largest publicly traded and privately-owned corporations, retailers, hospitals and institutions around the globe rely on Visual Lease’s cloud-based SaaS platform to meet operational and compliance requirements. For more information, please visit visuallease.com.
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