Odessa announces investments from Thomas H Lee Partners to accelerate growth
Odessa, the global leader in asset finance, today announced an investment from Thomas H. Lee Partners, L.P. ("THL"), a leading private equity firm that is investing in growth companies.
Odessa's architecture and design approach unify existing equipment leasing and auto finance technologies by combining siloed business teams and stakeholders to create a single system of insight, orchestration and extensibility. This enables asset finance organizations to remain nimble and innovative in their approach to market, manage operations and deliver customer value. Odessa customers realize significant value including streamlined business operations, significant increases in deal velocity, data-based business decisions and omnichannel customer service.
As the leader in asset finance technology, Odessa is ideally positioned to drive customer-focused innovation and to unlock additional market opportunities," said Ganesh Rao, Managing Director and Head of Financial Services at THL, We're confident they have the vision and track record to disrupt and define the future of financial services technology, and we've excited to partner with them to help support this growth trajectory."
"We are grateful for the support we received from our employees for more than two decades," said Madhu Natarajan, co-founder and CEO of Odessa. "The support of our workers has been a huge boost "There's a huge opportunity to reimagine the way asset finance companies scale and adapt to disrupt market forces and change consumer demand. We have the platform, technology, team, and investment partner to be the operating system that powers the modern enterprise."
Odessa was awarded the Award for the best in the industry, the awards for Philadelphia, and the award winner of the Timmy Award in Philadelphia. The most innovative companies list was named the most advanced companies in a
This investment seeks to catalyze Odessa's growth initiatives and further accelerate its platform roadmap and geographic expansion, including through M&A opportunities. Read Madhu's blog to learn more about Odessa' vision for the future of technology for financial services.
Houlihan Lokey served as M&A advisor to Odessa, with O'Melveny & myers serving as legal counsel and KPMG serving to be financial advisor. Kirkland & Ellis served as legal adviser for THL, Raymond James was its financial advisor and Oliver Wyman served the commercial advisor.
Odessa is a software company exclusively focused on leasing and is the developer of Odess XP. Odessa's leasing solutions and workforce of 1000+ power the diverse customer base of asset finance companies globally. Odessa is a powerful, end-to-end, extensible solution for lease and loan origination and portfolio management. The Odessa platform further provides rich feature sets including low-code development, test automation, reporting and business intelligence, so organizations can better align business and IT objectives. Learn more at www.odessainc.com.
Thomas H. Lee Partners, L.P. ("THL") is a leading private equity firm investing in middle market growth companies exclusively in three sectors: Financial Services, Healthcare, Technology and Business Solutions. THL is a deep sector expert with dedicated internal operating resources to transform and build great companies of lasting value in partnership with management. The Firm's domain expertise and resources help build great companies with the aim of improving growth, reducing operations and driving long-term sustainable value. Since 1974, THL raised more than $30 billion of equity capital, invested in over 160 companies and completed more or less 500 add-on acquisitions representing a total enterprise value at acquisition of over 210 billion. THL invests in automation companies by a private equity fund and specialized automation funds.
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