LeaseAccelerator, a provider of lease lifecycle automation software, completed the acquisition of the LeaseController software-as-a-service product and related business operations from Deloitte. Approximately 30 former Deloitte lease accounting, client success and technology professionals joined LeaseAccelerator in connection with the transaction.
“LeaseController is an excellent fit with LeaseAccelerator’s existing solution portfolio and with our business strategy. Our focus on building easy-to-use SaaS solutions and a culture of client success is enhanced by Deloitte’s platform,” Michael J. Keeler, CEO of LeaseAccelerator, said. “Our LeaseController clients now have access to LeaseAccelerator’s full portfolio of enterprise solutions, including real estate administration, equipment lease sourcing and emissions management, and will benefit from ongoing investments in new product development and global support.”
“After building the LeaseController platform and related services at Deloitte, we believe LeaseAccelerator is positioned to help that business continue to grow and evolve,” Mike Ingenito, a risk and financial advisory partner at Deloitte & Touche, said.
LeaseAccelerator offers a suite of SaaS products aimed at helping customers automate the lifecycle of their leased assets while complying with regulations, reducing emissions, accelerating accounting closings and using strategic insights from data to improve profitability and cash flow.
LeaseController is designed to help multi-nationals, non-profits, and state and local governments track their real estate and equipment leases and address requirements of several lease accounting standards, including ASC 840, ASC 842, IAS 17, IFRS 16 and GASB 87.
