Attributes 8551% revenue growth to the company’s strategic focus and ability to keep pace with shifting lease accounting trends
ATLANTA – Nov 18, 2020 — LeaseQuery, a leading provider of purpose-built lease accounting software, today announced it ranked 26 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America. LeaseQuery grew 8551% during this period.
Established in 2011, LeaseQuery is a lease accounting solution built by accountants to ease the lives of accountants and financial professionals and facilitate compliance with the most comprehensive regulatory accounting reform in more than 40 years. Continuing its momentum to be consistent with evolving trends and deadlines in the market, LeaseQuery founder and CEO George Azih, credits the company’s 8551% revenue growth to the LeaseQuery team’s strategic focus on building better and more targeted accounting solutions from the ground up.
“We’re honored to be recognized by Deloitte as a Technology Fast 500 company,” said Azih. “I’m humbled by the passion and sense of urgency our team has maintained this year as businesses around the world, including ours, have been forced to evaluate their processes and come up with creative solutions to exceed customer demands. This award is a testament to LeaseQuery’s energy and drive as we continue expanding our product lineup.”
Now in its 26th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected 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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
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LeaseQuery helps more than 10,000 accountants and other finance professionals eliminate lease accounting errors through its CPA-approved lease accounting software. It is the first lease accounting software built by accountants for accountants. By providing specialized consulting services in addition to its software solution, LeaseQuery facilitates compliance with the most comprehensive regulatory reform in 40 years for businesses across all sectors.