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Genpact Acquires LeaseDimensions

March 13, 2017, 07:00 AM
Filed Under: Industry News
Related: Genpact

Genpact has acquired LeaseDimensions, a Portland, OR-based, lease and loan servicing company with services across Business Process Management (“BPM”) and Information Technology (“ITO”) 

Genpact announced that it has acquired LeaseDimensions, a technology enabled Business Process Management (“BPM”) and Information Technology Services (“ITO”) company catering to equipment, vehicle finance and renewable energy companies

Genpact’s and LeaseDimensions’ synergies across core equipment financing businesses will further strengthen their world class service offerings. The combined services will include, GENPACT’s state-of-the-art originations platform GRADE, complete front- and back-office processing of lease and loan contracts, back-up servicing, software applications hosting, systems integration, data conversion services, and custom programming services (including web-based leasing systems). The services will be delivered out of Portland, OR.

“Regional and large community financial institutions are emerging to be the largest drivers of new business volumes in the equipment financing space” said Mohit Thukral, senior vice president, Banking and Financial services, Genpact. “Genpact now provides a solution for regional banks wanting to grow their equipment finance portfolios with our LeaseDimensions center. We will bring scale, ease-of-deployment, and an end to end operating model with cutting edge technology to enable faster equipment finance portfolio growth”

Against this backdrop, Genpact will be able to combine its process excellence, existing technology services, and global delivery footprint with LeaseDimensions’ Process Management and IT services, enabling equipment lessors to launch and scale up their portfolios in North America and globally.

“LeaseDimensions’ equipment finance processing and technology domain expertise, coupled with Genpact’s global scale, digital technologies and excellence in process operations, delivers a superior business model to service our clients and build scale,” said Bill Allen, President and CEO LeaseDimensions. “We are excited to join the Genpact team as we build, grow, and scale portfolios for our equipment finance customers.

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