LTi Technology Solutions Strengths, Domain Expertise, and Key Differentiators
LTi Technology Solutions has provided software solutions and services to equipment finance companies throughout the U.S., Canada, and the U.K. Their products are built on a flexible architecture that adapts to the varying needs of clients and affords each one the ability to be nimble with their business objectives. ASPIRE was developed by a team of professionals with expertise in technology, leasing, accounting, finance, and taxation, and offers a highly configurable suite of integrated modules.
This level of customization ensures each solution is tailored to the specific needs of an individual business, resulting in a more efficient system that streamlines processes and controls costs intuitively.
LTi Technology Solutions Recent Developments
After nearly three decades of service to the equipment and asset finance industry, it was announced during LeaseTeam's 2018 user conference that the company would be changing its name to LTi Technology Solutions.
LTi Technology Solutions Mergers and Acquisitions (M&A) Activities
LTi Technology Solutions (LTi) partnered with DocuSign. ASPIRE’s new integration with DocuSign gives customers the ability to electronically sign documents in a matter of seconds. By fully digitizing the ignature process, ASPIRE can offer its customers a faster, easier, more convenient, and secure way for their customers to sign, send, and manage documents while reducing the costs and hassles of working with paper to transact business.
LTi Technology Solutions Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying LTi Technology Solutions applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of LTi Technology Solutions and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified LTi’s ASPIRE platform customers.
LTi Technology Solutions Overview
Ownership: - x
Number of Employees: 158
Key Verticals: Banking and Financial Services,
LTi Technology Solutions Key Enterprise and Cloud Applications
LTi’s ASPIRE platform
LTi Technology Solutions Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
LTi Technology Solutions Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
LTi Technology Solutions Enterprise Applications Revenues By Functional Markets, $M:
LTi Technology Solutions Enterprise Applications Revenues By Verticals, $M:
LTi Technology Solutions Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
LTi Technology Solutions Direct vs Indirect sales
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LTi Technology Solutions Customers - Breakdown by Geo, Size, Vertical and Product
No. of LTi Technology Solutions Customers: 150
No. of LTi Technology Solutions Enterprise Applications Customers: 150
No. of LTi Technology Solutions Cloud Customers: 150
No. of LTi Technology Solutions Cloud Subscribers: 8900
From their 150 customers, the recent product implementation for Bell Bank was a unique cause of it record-breaking implementation time.
One of the fastest implementation projects that LTi Technology Solutions has executed, Bell Bank Equipment Finance has moved operations onto the ASPIRE platform. Looking for an end-to-end solution that would scale with the expected growth of their business, Bell needed a configurable system with modules that would seamlessly integrate with many of their processes.
ASPIRE's open platform offers independently owned bank opportunities to automate many of their day-to-day activities. What makes this project so special for LTi, was the implementation team's ability to get Bell Bank Equipment Finance onto the platform in just five short months. Bell chose LTi because of its flexibility in creating a solution that satisfies the operating needs of its business and also its reputation for customer service within the industry.
LTi Technology Solutions Market Opportunities, M&A and Geo Expansions
The partially employee-owned Microsoft Gold Certified Partner recorded a three-year sales growth of 65% in 2017, earning a spot on the Inc. 5000 List as one of America's fastest-growing companies for the third year in a row. In doing so, LTi has carved out a significant share of the equipment finance market, currently serving 36% of the Monitor 100, 34% of the Monitor Bank 50 and 64% of the Monitor Top 25 Private Independents.
LTi Technology Solutions Risks and Challenges
LTi Technology Solutions has announced plans to leverage industry talent and strength to capitalize on strategic market opportunities. Organizational changes, including a realignment of the senior leadership structure under Jeff Van Slyke, LTi's President and Chief Executive Officer, reflect the company's focus on its growth objectives.
LTi Technology Solutions Ecosystem, Partners, Resellers and SI
Optimization is a critical piece of any software solution. The companies products feature a wide range of third-party integrations that improve business workflow efficiency. LTi Technology Solutions have relationships with the following partners, Mellisa Global Intelligence, Dun&Bradstreet, Experian, FICO, PayNet, DocuSign, eOriginal, American Lease Assurance, Assurant, Great American Insurance Group, Microsoft, PTMS a CSC solution, Wolters Kluwer, Vertex and many others.
LTi Technology Solutions Cloud Infrastructure Insights
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- LTi Technology Solutions Public Cloud and Infrastructure (IaaS)
- LTi Technology Solutions Platform (PaaS)
- LTi Technology Solutions Application Delivery
- LTi Technology Solutions Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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