Equipment finance software provider LTi Technology Solutions, formerly LeaseTeam, will celebrate its 30th anniversary this year.
Co-founders Randy Haug and Russ Hallberg set out in 1989 with a vision to give small to mid-size leasing companies an innovative software solution to help them manage and grow their businesses. To this day, the LTi team is still driven by the entrepreneurial spirit of its founders, which has enabled them to push new boundaries and expand their solutions.
Growing from a small niche, back-end lease management system to a leading technology solutions partner in the equipment finance industry, LTi now serves 36% of the Monitor 100. With the release of ASPIRE, LTi offers a comprehensive end-to-end lease and loan management software solution on a single, highly flexible platform.
Currently, LTi’s ASPIRE platform hosts 76 live customers and counting.
Reflecting on where LTi began, Haug said in a recent interview, “We had to bootstrap our business to start out with, and that’s why it was small when we got started, and it was perfect for us to do that.” While growing a small business to the level that LTi is at today has its challenges, Randy emphasized that, “over time, with good people, you can do it.”
“Our strategy of establishing and developing core business functionality, that addresses the changing needs of our customers, has enabled us to foster a culture of innovation and technology excellence,” said Hallberg.
LTi President and CEO, Jeff Van Slyke, remarked, “This is an incredible milestone for any company. We have achieved this success through the hard work, passion, and dedication of the entire LTi team, past and present. Throughout 2019 and beyond, we will continue to focus on what has driven our success while evolving to meet the innovation and service demands of our customers and the industry as a whole. We are excited for the challenge and the opportunity to grow our partnerships with our customers for another 30 years.”
LTi Technology Solutions has invited their customers to help them celebrate this 30-year milestone by joining them in Omaha, Nebraska, from June 10-12, for their Annual Users Conference.
University of Pennsylvania organizational psychology professor Adam Grant once said, “The hallmark of originality is rejecting the default and exploring whether a better option exists.” Consider the story of eyeglass company Warby Parker. As college students buried in debt and... read more
If you are a secured lender, then you know to file a UCC financing statement to perfect your security interest in the collateral, whether or not it is tangible (such as equipment) or intangible (such as accounts or leases). You... read more