LTi Technology Solutions, formerly LeaseTeam, Inc. opened its doors in Downtown Omaha in 1989 with six employees by co-founders Russ Hallberg and Randy Haug after purchasing LeasePlus (L+) – a back-end lease and loan portfolio management system. LeasePlus allowed users to perform accounting and servicing activities for a transaction. After beginning with an early mid-range computer solution in LeasePlus, the company successfully launched the first Windows-based application for the equipment finance industry in 1992. At the turn of the century, LTi purchased Novametric, the author of Lease Sales Manager (LSM) – a front-end lease and loan origination system allowing users to process applications through the credit, documentation, and funding stages of a transaction. Leveraging the complementary functionality of Lease Sales Manager and LeasePlus allowed LTi to successfully integrate and deliver a comprehensive lease and loan solution to the equipment finance marketplace.
In 2006, LTi elected to rewrite its products from scratch to create a comprehensive equipment finance platform. It would empower users to effectively scale their business by streamlining the total lease and loan transaction lifecycle. By 2009, ASPIRE was born. Robust, flexible, and highly-configurable, ASPIRE combines the best of both worlds from LTi’s legacy technology products – front-end solution Lease Sales Manager and back-end solution LeasePlus – into a comprehensive equipment finance platform. Its versatile architecture accommodates all types and sizes of equipment finance companies. LTi continues to deliver software and services to equipment finance companies throughout North America and the UK.
The Evolution of LTi Technology Solutions
Randy Haug and Russ Hallberg co-founded LeaseTeam, Inc. in downtown Omaha, NE.
LeasePlus becomes the first Windows-based application for the equipment finance industry.
LeaseTeam purchases Novametric and integrates functionality of Lease Sales Manager with LeasePlus.
Employee Stock Ownership Plan (ESOP) is established.
Development for Phoenix Project, later renamed ASPIRE, begins.
Phoenix Project product is officially named ASPIRE.
ASPIRE goes to market.
LeaseTeam opens the Kansas City office.
LeaseTeam is named to the Inc. 5000 list of fastest growing private companies (2015-2017).
Jeff Van Slyke is the new President of LeaseTeam, Inc.
Awarded the Greater Omaha Chamber of Commerce “2018 Business Excellence Award in Innovation.”
LeaseTeam, Inc. becomes LTi Technology Solutions.