Press Releases

LEAF to Drive Business Forward with LeaseWave From Odessa

Shared co-innovation on the Odessa Platform and leading LeaseWave functionality to provide a scalable technology foundation for LEAF.


Philadelphia, PA – July 17, 2018 - Odessa, a leader in equipment finance software solutions, today announced that LEAF Commercial Capital, Inc. (“LEAF”), a subsidiary of People's United Bank, N.A., has selected the Odessa Platform and the LeaseWave Product Suite. Continuing its long history of leveraging the latest technologies to power a superior customer experience and streamline service delivery, LEAF will further enhance equipment leasing operations with LeaseWave, a technology foundation that is faster, more flexible and architected to provide greater insight into its business.

With offices in Philadelphia, PA, Moberly, MO and Orange, CA, LEAF serves the leasing industry directly and through referral relationships with manufacturers, distributors and dealers. Focused on scaling for future growth and continuously enhancing the efficiency of its processes, LEAF chose LeaseWave to deliver real-time visibility into business performance and allow it to adapt to organizational changes with greater agility.

With Odessa’s unified suite of solutions, LEAF will be able to:

  • Streamline their business operations by consolidating front-end and back-end technology systems and processing
  • Easily integrate with other leading commercial technologies using Odessa’s APIs and extensible technology framework
  • Leverage continuous co-innovation through shared development on the Odessa platform, configuring internal processes with the ability to make corresponding technology changes

“The way we deliver on our promise of exceptional customer experience is continuously evolving, and we needed a system that could easily adapt to the changing needs of our business,” said Miles Herman, President and Chief Operating Officer, LEAF. “With LeaseWave, we will be able to support business changes and opportunities with greater ease and speed.”

“LeaseWave will help LEAF streamline its internal operations and arm its workforce with a single source of information at their fingertips,” said Madhu Natarajan, CEO, Odessa. “With a broad range of functionality designed for modern businesses, LeaseWave will also empower LEAF’s workforce with greater self-service, making it easier for them to report on data so they can focus on delivering value back to customers and the business.”

About LEAF

Trusted by nearly 250,000 businesses across the U.S., LEAF Commercial Capital, Inc., with the expanded strength of People’s United Bank, offers customized financing that helps our customers solve real problems. When companies need financing or need to offer financing – they achieve more with LEAF. People’s United Bank, N.A. is a subsidiary of People’s United Financial, Inc. (NASDAQ: PBCT), a diversified financial services company with over $44 billion in assets. People’s United Bank, founded in 1842, is a premier, community based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services, through a network of nearly 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.

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About Odessa

Odessa is a software company exclusively focused in the leasing industry, and the developer of the LeaseWave software system and Odessa platform. Headquartered in Philadelphia, USA, Odessa’s leasing solutions and workforce of 500+ power a diverse customer base of leasing companies globally. LeaseWave is a powerful, end-to-end, extensible solution for lease and loan origination and portfolio management. The Odessa platform further provides rich feature sets including low-code development, test automation, reporting and business intelligence to ensure organizations can more effectively align business and IT objectives. Learn more at