LeaseAccelerator Hires Enterprise SaaS Sales Expert Jay McGlynn to Scale Business

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May 05, 2015, 04:00 ET

GREAT FALLS, Va., May 5, 2015 /PRNewswire/ -- LeaseAccelerator announced today that sales leader and go-to-market strategist Jay McGlynn has joined the company as Chief Revenue Officer.

Jay brings more than 40 years of enterprise technology sales experience to a team delivering comprehensive Equipment Lease Management (ELM) solutions to Fortune 1000 companies. Equipment lessees have competitively sourced $1.2 Billion of lease capital in 26 countries using LeaseAccelerator's marketplace and the Global Lessor Network, savings millions of dollars. Today, multinational companies use LeaseAccelerator to manage $2.5 Billion of leased assets in 50 countries.

"To capitalize on the increasing demand from our target markets, we needed a seasoned sales leader to build and scale our revenue engine," said CEO, Michael Keeler. "Jay knows how to drive revenue for enterprise software companies having run sales, marketing, and strategic partners over his last five companies resulting in five successful exits. Above all, it was his understanding of the SaaS delivery model and his passionate focus on customer success that made him an exceptional fit for CRO."

"I see a significant need and opportunity for global organizations to reduce cost and improve financial controls and operational effectiveness, while reducing compliance risks by remediating their equipment lease management process. I have met with the innovative finance and procurement executives at Cummins, Cisco, Salesforce, Ascension Health, and ATI, who deployed LeaseAccelerator with great results – 16% annual savings on average," said Jay McGlynn. "Our revenue growth will be a direct result of our customers' success in achieving these objectives."

Most recently, Jay served as EVP Sales and Marketing at Reval, an enterprise Treasury and Risk Management SaaS provider. Prior to that, McGlynn held similar roles at: Parlano, Marketsoft, Fatwire, and New Era of Networks. His background also includes launching a US leasing company for the UK bank, Kleinwort Benson, and key sales roles at Wang, DEC and IBM.

Jay received his B.S. in business from Villanova University.

About LeaseAccelerator:

LeaseAccelerator offers market-leading SaaS solution for Equipment Lease Management (ELM) delivering hard cost savings, compliance, and best practices to large, international lessees. LeaseAccelerator is the only solution that covers the entire leasing lifecycle, including: Capital Sourcing, saving 6-8% by driving down capital costs; Portfolio Management, saving 8-12% by improving end-of-term return performance; and Lease Accounting, enabling compliance with current and new FASB, IFRS, and SOX. Learn more at https://www.leaseaccelerator.com/.

Through LeaseAccelerator's Capital Sourcing marketplace, customers can access The Global Lessor Network (GLN), a community of more than 500 lessors around the world who compete to win our clients business. Using the GLN, global companies with a need for in-country leasing expertise and financing can identify and transact with local lessors. LeaseAccelerator supports transactions in 50 countries, spanning a wide variety of asset types: corporate aircraft, computers, construction, forklifts, furniture, IT, manufacturing, mining, networking, and transportation equipment. Lessors are encouraged to register at http://www.lessornetwork.com/.

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SOURCE LeaseAccelerator