LTi Technology Solutions announced an ongoing technology partnership and collaboration with Modern Rail Capital, which moved from LTI’s LeasePlus platform to ASPIRE, LTi’s cloud lease and loan technology platform.

“LTi understands our business and we were pleased to elevate our fixed asset system to their best-in-class platform,” George Abraham, vice president of finance and treasurer of Modern Rail Capital, said. “This project was successfully managed from start to finish with key resources from both the LTi and MRC teams. The completion of this project was a major milestone for my department and will enable meaningful efficiencies.”

“Modern Rail Capital has been a long-time client and they have been utilizing our flagship product, LeasePlus, for many years,” Jeff Van Slyke, CEO of LTi Technology Solutions, said. “Once it was determined that there was a significant requirement to move to our cloud platform, ASPIRE, our implementation team set to make quick work of making that transition happen. Knowing business innovation is at the core of what MRC stands for, the ASPIRE platform will have them ready for the future and the significant growth they are experiencing. We are very happy to have made their transition a relatively easy one and we look forward to our continued partnership as they grow.”

Founded in 1996, Chicago-based Modern Rail Capital previously operated as Mitsui Rail Capital before rebranding earlier this year as a result of an ownership change, as Modern Rail Capital was consolidated under one parental entity when JA Mitsui Leasing Capital acquired full ownership from Mitsui. The deal became official on March 31.