Visual Lease ranked 167th 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% between 2016 and 2019.

Marc Betesh, CEO and founder of Visual Lease, credits the company’s technology, 98% 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,” Betesh said. “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 selected 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 and current-year operating revenues of at least $5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

Earlier this year, Visual Lease gained recognition within the top 10% on the Inc. 5000 list of the fastest-growing companies in America. Since 2016, Visual Lease has grown its employee base by more than 1,000%. The company has plans to introduce new roles in 2021.

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 and equipment.