Career accounting, finance and tax software executive to lead product development as SaaS provider enters next phase of growth

Reston, Va.– October 31, 2019 – LeaseAccelerator, the pioneer in the Enterprise Lease Accounting software market, announced today that Avo Reid has joined the company as its new chief technology officer. Reid brings over 25 years of experience at other high-growth, category-leading accounting and finance software companies. Most notably, Reid led technology organizations at Best Software (acquired by Sage for $445 million) and Bloomberg Tax where he was able to scale product development organizations to highly successful outcomes.

In his new role, Reid will assume responsibility for all technology development functions for the LeaseAccelerator suite of applications. Reid will also work closely with Jonathan Crawford, former CTO and co-founder of LeaseAccelerator, who will shift into a new chief architect role.

“As the industry continues to experience explosive demand for enterprise lease accounting software, the demands on our product development organization for new capabilities will continue to increase at a rapid pace,” said Michael Keeler, CEO of LeaseAccelerator. “Avo’s experience leading some of the industry’s most successful accounting, tax and finance applications will prove invaluable as we enter our next phase of growth,” noted Keeler.

Reid has provided executive technology leadership for Best Software, Bloomberg Tax, Grant Thornton and several Venture Capital Firms. At Best Software he grew the company from 23 to over 450 employees before completing one of the largest IPOs in the DC Metro area. As CTO for Bloomberg Tax, Reid oversaw all development operations as well as strategy and innovation. Reid produced market leading products for SMB, enterprise and government markets resulting in a 10 fold increase in revenues that fueled the largest revenueproducing and most profitable division at Bloomberg Tax.

About LeaseAccelerator:
LeaseAccelerator offers the market-leading SaaS solution for Enterprise Lease Accounting, enabling compliance with the new ASC 842, IFRS 16 and GASB 87 standards. LeaseAccelerator’s proprietary Global Lease Accounting Engine makes it simple and easy for customers to generate the required accounting and disclosures quickly. LeaseAccelerator’s Real Estate, Lease Sourcing and Lease Management applications generate considerable savings through smarter procurement and easier management. Learn more at: http://www.leaseaccelerator.com/.

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