ICON Capital Corp. ("ICON"), a member of the Monitor 100TM group of top leasing companies, has selected LeaseWave, the lease management suite provided by Odessa Technologies, Inc ("Odessa"), to provide lease management software to aid in managing its lease portfolios. ICON manages multiple equipment leasing funds that focus on mid and large ticket leases. Odessa will configure and customize the LeaseWave suite to automate, manage and complement ICON's current operations and position the company for its future growth plans. The project will commence on October 1, 2008. The complexities behind billing, logistics, accounting and other leasing operations require flexibility and sophistication from the underlying lease management software.
When it came to automation we wanted a smooth well-integrated environment that was more process and system driven", says Craig Jackson, Senior Vice President, ICON. "That's why LeaseWave made perfect sense to us. It was the only system we found that provided the degree of flexibility and functionality we needed to manage our relatively complex business model. Odessa's staff was quick to understand our intricacies and demonstrated a practical ability to apply this knowledge through their system."
"We're proud to have been selected by ICON," says Jeff Lezinski, Associate Vice President, Odessa. "More than anything else, we see this as vindication of the sound design, cutting-edge development technologies and the technical flexibility with which the LeaseWave suite was built. The system's ability to adapt to unique challenges, not just at the time of implementation, but also on an ongoing basis, is what makes it a compelling option for companies like ICON. The opportunity to add and create efficiencies at ICON is very exciting."
ICON is a global asset manager with an unparalleled expertise in equipment leasing and structured finance. ICON specializes in providing financing solutions to private and public companies in capital asset intensive industries and its investment capital has aided a diverse group of organizations in the IT/Telecommunications, energy, marine, manufacturing, medical and transportation industries.
Founded in 1985, ICON is one of the largest independent, privately-held equipment leasing and specialty finance companies in the United States. Headquartered in New York City, ICON operates from offices in San Francisco, Boston and London. ICON's experience in evaluating, acquiring, and managing a wide range of business essential equipment and our focus on structuring flexible, responsive, and customized asset based solutions has made us it one of the leading equipment financing and leasing specialists for today's middle market companies worldwide.
Odessa Technologies, Inc. is a software company exclusively focused on the leasing industry. The company is headquartered in Philadelphia, PA and employs a staff of 250 people. The LeaseWave® suite is a fully Internet-based family of products, providing an end-to-end lease and loan origination and portfolio management solution for equipment leasing and finance, vehicle leasing and finance and fleet management companies. The LeaseWave® suite is specifically engineered, to be configurable and customizable and accommodate even the most complex of business models, as evidenced by its diverse customer base.
