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Leasequery Acquires Crowe Lease Accounting Optimizer, Lease Accounting Solution Built For Netsuite, From Crowe Llp

May 03, 2022•over 3 years ago

Acquiring Company

LeaseQuery

Acquired Company

Crowe

Financial ServicesSoftwareProfessional ServicesInformation TechnologyFinancial ServicesProfessional Services

Description

LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced its acquisition of Crowe Lease Accounting Optimizer (CLAO), a leading provider of lease accounting for NetSuite users. Crowe LLP, a public accounting, consulting and technology firm in the U.S. with offices around the world, developed the technology solution to help companies manage their lease accounting processes efficiently while promoting compliance with lease accounting standards. The solution will be listed as LeaseQuery for NetSuite, effective immediately.

Company Information

Company

LeaseQuery

About

LeaseQuery makes accountants’ lives easier by simplifying the complex with technology. More than 28,000 financial professionals globally rely on our cloud-based, CPA-approved solutions and in-house accounting expertise to comply with confidence across various FASB, GASB and IASB accounting standards. Our software helps businesses minimize risk, increase efficiency and reduce costs. Learn more about LeaseQuery’s core accounting solutions, which focus on easing mandatory compliance under ASC, IFRS and GASB regulations, or explore additional accounting tools. For more information, visit LeaseQuery.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed