Atlanta-based lease accounting technology company shows three-year revenue growth of 8079 percent
ATLANTA – August 18, 2020 – LeaseQuery, a leading provider of purpose-built lease accounting software, was ranked number 29 on the annual Inc. 5000 list as one of the nation’s fastest-growing private companies. The prestigious list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses.
“LeaseQuery is ecstatic to be recognized on the Inc. 5000 list among so many admirable organizations,” said George Azih, CEO and founder of LeaseQuery. “Not only does this recognition represent our growth, but it shows the commitment our entire team has day in and day out to ensure both our business and our customers thrive.”
Established in 2011, LeaseQuery bases its current focus strategically on lease accounting, continuing its momentum to correspond with shifting trends and deadlines in the market. Built by accountants, LeaseQuery helps accountants and financial professionals solve the multi-trillion dollar problem caused by the most comprehensive regulatory reform in more than four decades. The cloud-based platform provides specific disclosure reports and journal entries required for organizations of all sectors reporting under the FASB, IFRS, and GASB lease accounting standards.
“Given the rapid growth LeaseQuery has achieved as a team, it is my responsibility to empower my colleagues in decisions they make for our company,” said Azih as he explained his leadership style to Inc. 5000.
Companies listed among the 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for more than one million jobs over the past three years. Complete results of the Inc. 5000, including company profiles and an interactive database, can be found at www.inc.com/inc5000. The top 500 companies will also be featured in the September issue of Inc., available on newsstands August 18.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” said Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. Speakers will include some of the greatest innovators and business leaders of this generation.
About Inc. and the Inc. 5000
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference, visit http://conference.inc.com/.
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.