Philadelphia, PA October 14, 2015 – First American Equipment Finance, a subsidiary of City National Bank, has selected LeaseWave from Odessa Technologies to provide back-end lease management through modern technology. First American specializes in serving middle market and investment grade corporations throughout the United States, focusing on technology hardware and software solutions.
“Everything we do at First American is focused on our customer,” said Joseph Guage, First American’s CFO. “We expect this investment will help us continue to provide inventive solutions to the increasingly complex financing needs of our clients.”
“LeaseWave is built using an entity-driven model with 100% Services Oriented Architecture, offering platform configuration, automation and integration with First American’s other systems,” said Jim Humphrey, Senior Vice President, Sales, at Odessa Technologies. “The flexibility LeaseWave offers will enable First American to take on new lines of business without adding additional overhead. We look forward to working together to achieve a successful implementation.”
About Odessa Technologies, Inc.
Odessa Technologies, Inc. is a software company exclusively focused on the leasing industry. The company is headquartered in Philadelphia, PA and employs a staff of 400. The LeaseWave suite is a fully Internet-based family of products, providing an end-to-end lease, fleet and loan origination and portfolio management solution for equipment leasing and finance, vehicle leasing and finance and fleet management companies. The LeaseWave suite is specifically engineered to be configurable and customizable, and accommodate even the most complex of business models, as evidenced by its diverse customer base. Learn more about Odessa Technologies, Inc. and its services by visiting www.odessatechnologies.com.
About First American Equipment Finance
First American Equipment Finance (www.faef.com) is a wholly owned subsidiary of Los Angeles-based City National Bank (www.cnb.com). First American is ranked among the largest equipment finance companies in the United States, and provides commercial equipment financing to the most creditworthy and sophisticated commercial borrowers in the country. First American was recognized eight times on the Inc. Magazine’s 500/5000 listing of the fastest growing private companies in the United States and four times among the Best Places to Work in New York State (10-249 employees). Most recently, First American has been recognized as one of Fortune Magazine’s 20 Great Workplaces in Financial Services, and also among Fortune’s 100 Best Workplaces for Millennials.