Company sustains consistent double-digit growth over four years
Woodbridge, NJ – November 18, 2021 — Visual Lease, the #1 lease optimization software provider, today announced that it ranked No. 264 on the Deloitte Technology Fast 500™, a list of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America. Visual Lease’s revenue grew by 493% over a three-year period, from 2017 to 2020, and this is the company’s second consecutive year on the list.
“This recognition is an honor and reflects just how pivotal of a time it is for our organization,” said Marc Betesh, founder and CEO of Visual Lease. “We realize that as companies face the pressures of the new lease accounting standards, as well as the ongoing impacts of the pandemic, it’s never been more important that they accurately track, manage and report on their leases. Our team remains dedicated to providing the software and services they require to successfully achieve and maintain lease accounting compliance. As a result, we have sustained our high growth, steadily increasing our revenue, our network of customers and partners and our employee base.”
To be eligible for the 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 US, and current-year operating revenues of at least $5 million US. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
This recognition comes on the heels of a record-breaking third quarter for Visual Lease, during which the organization announced it now helps more than 800 organizations achieve lease accounting compliance and improve the financial, legal and operational performance of their leases.
Earlier this year, Visual Lease was named a Best Place to Work in New Jersey by NJBIZ for the second year in a row. The business was also ranked in the top 20% of the 2021 Inc. 5000 list and among the Top 100 Software Companies of 2021 by The Software Report. The company was also honored with a Bronze Stevie® Award in the Fastest Growing Company of the Year category in The 19th Annual American Business Awards® and named a Top Workplace in New Jersey by NJ.com.
To keep up with news from Visual Lease, visit its newsroom.
For more information on Visual Lease’s open positions, visit its career site.
About Visual Lease
Visual Lease is the #1 lease optimization software provider. We help organizations become compliant with FASB, IFRS and GASB lease accounting standards, while simultaneously improving the financial, legal and operational performance of their leases. Our easy-to-use SaaS platform is embedded with more than three decades of best practices from major corporations and leading industry professionals. Our award-winning solutions are used by 800+ organizations to manage 500,000+ real estate, equipment and other leased assets. Committed to ongoing innovation and unparalleled customer service, Visual Lease helps organizations transform their lease compliance requirements into financial opportunities. For more information, visit visuallease.com.
Media Contacts
Erica Bonavitacola
Visual Lease
T+1 732 860 4838
ebonavitacola@visuallease.com
Katie Vroom
Gregory FCA
T+1 212 398 9680
kvroom@gregoryfca.com
