CoStar Group Closes Deal to Acquire Visual Lease, a Leading Lease Administration and Accounting Platform
CoStar Group (NASDAQ: CSGP) has completed the acquisition of Visual Lease, a lease administration and accounting platform. Visual Lease, founded in 1996, serves over 1,500 organizations across various sectors. The merger aims to enhance CoStar's Real Estate Manager business line by combining Visual Lease's lease management expertise with CoStar's data analytics capabilities. The integration will provide comprehensive lease management and accounting solutions, strengthen relationships with service providers, and expand technology partnerships. Visual Lease's GASB experience and ESG analytics will enhance CoStar's offerings for government customers and sustainability solutions.
CoStar Group (NASDAQ: CSGP) ha completato l'acquisizione di Visual Lease, una piattaforma per la gestione e la contabilità dei contratti di locazione. Fondata nel 1996, Visual Lease serve oltre 1.500 organizzazioni in diversi settori. La fusione mira a potenziare la linea di business Real Estate Manager di CoStar combinando l'esperienza nella gestione dei contratti di locazione di Visual Lease con le capacità analitiche dei dati di CoStar. L'integrazione fornirà soluzioni complete per la gestione e la contabilità dei contratti di locazione, rafforzerà le relazioni con i fornitori di servizi e espanderà le partnership tecnologiche. L'esperienza di Visual Lease in materia di GASB e le analisi ESG miglioreranno l'offerta di CoStar per i clienti governativi e le soluzioni di sostenibilità.
CoStar Group (NASDAQ: CSGP) ha completado la adquisición de Visual Lease, una plataforma de administración y contabilidad de arrendamientos. Visual Lease, fundada en 1996, atiende a más de 1,500 organizaciones en diversos sectores. La fusión tiene como objetivo mejorar la línea de negocio Real Estate Manager de CoStar al combinar la experiencia en gestión de arrendamientos de Visual Lease con las capacidades de análisis de datos de CoStar. La integración proporcionará soluciones integrales de gestión y contabilidad de arrendamientos, fortalecerá las relaciones con los proveedores de servicios y ampliará las asociaciones tecnológicas. La experiencia de Visual Lease en GASB y el análisis ESG mejorarán la oferta de CoStar para clientes gubernamentales y soluciones de sostenibilidad.
코스타 그룹 (NASDAQ: CSGP)은 비주얼 리스를 인수했습니다. 비주얼 리스는 임대 관리 및 회계 플랫폼입니다. 1996년에 설립된 비주얼 리스는 다양한 분야에서 1,500개 이상의 조직에 서비스를 제공합니다. 이번 인수는 비주얼 리스의 임대 관리 전문성과 코스타의 데이터 분석 기능을 결합하여 코스타의 부동산 관리 비즈니스 라인을 강화하는 것을 목표로 합니다. 통합을 통해 포괄적인 임대 관리 및 회계 솔루션을 제공하고, 서비스 제공업체와의 관계를 강화하며, 기술 파트너십을 확대할 것입니다. 비주얼 리스의 GASB 경험과 ESG 분석은 정부 고객과 지속 가능성 솔루션을 위한 코스타의 제안을 개선할 것입니다.
CoStar Group (NASDAQ: CSGP) a finalisé l'acquisition de Visual Lease, une plateforme de gestion et de comptabilité des baux. Fondée en 1996, Visual Lease dessert plus de 1 500 organisations dans divers secteurs. La fusion vise à améliorer la ligne de produits Real Estate Manager de CoStar en combinant l'expertise de Visual Lease en gestion de baux avec les capacités d'analyse de données de CoStar. L'intégration fournira des solutions complètes en matière de gestion et de comptabilité des baux, renforcera les relations avec les fournisseurs de services et élargira les partenariats technologiques. L'expérience de Visual Lease en matière de GASB et les analyses ESG amélioreront l'offre de CoStar pour les clients gouvernementaux et les solutions de durabilité.
CoStar Group (NASDAQ: CSGP) hat die Übernahme von Visual Lease abgeschlossen, einer Plattform für Mietverwaltung und -buchhaltung. Visual Lease, gegründet 1996, bedient über 1.500 Organisationen in verschiedenen Sektoren. Die Fusion zielt darauf ab, die Geschäftssparte Real Estate Manager von CoStar zu stärken, indem die Expertise von Visual Lease in der Mietverwaltung mit den Datenanalytik-Fähigkeiten von CoStar kombiniert wird. Die Integration wird umfassende Lösungen für Mietverwaltung und Buchhaltung bieten, die Beziehungen zu Dienstleistern stärken und Technologiepartnerschaften erweitern. Die GASB-Erfahrung und ESG-Analysen von Visual Lease werden CoStars Angebot für öffentliche Kunden und Nachhaltigkeitslösungen verbessern.
- Acquisition expands customer base by adding 1,500 organizations
- Enhances product offerings through integration of lease management and analytics
- Strengthens position in government sector through GASB expertise
- Expands ESG and sustainability solutions capabilities
- None.
Insights
This strategic acquisition strengthens CoStar Group's position in the lease management software market. Visual Lease's 1,500+ organization customer base adds significant value to CoStar's Real Estate Manager business line. The deal brings three key advantages:
- Enhanced product offering by combining Visual Lease's lease accounting expertise with CoStar's data analytics
- Expanded market reach into mid-market segments with potential for upselling enterprise solutions
- New capabilities in GASB compliance and ESG analytics, opening opportunities in government and sustainability sectors
The merger creates synergies in technology integration and service provider relationships, potentially driving revenue growth through cross-selling opportunities. While financial terms weren't disclosed, the acquisition aligns with CoStar's strategy of expanding its SaaS offerings and recurring revenue streams.
The technological integration presents significant value-creation opportunities. Visual Lease's platform specialization in lease management and accounting complements CoStar's data analytics capabilities. The seamless implementation promised for existing customers suggests well-planned API integrations and database compatibility. The combined platform will offer enhanced features:
- Integrated lease lifecycle management
- Advanced ESG analytics and reporting
- Improved compliance tools for GASB standards
The strategic acquisition will enhance the product offerings of both platforms and broaden the solutions available to their customers.
Founded in 1996, Visual Lease is a premier software platform for integrated lease management, accounting, and reporting, used by over 1,500 organizations across the business services, construction, healthcare, manufacturing, and retail sectors. Visual Lease offers support for each team involved in managing a company’s leased and owned assets through a seamless platform that encourages strategic financial and operational outcomes for organizations.
CoStar Real Estate Manager helps customers across the globe manage every phase of the lease lifecycle, providing vital lease administration, lease accounting compliance, and transaction management applications, ensuring seamless workflows between real estate and accounting teams.
This merger of two equal firms will enhance functionality for businesses of all sizes by providing industry leading lease management and accounting solutions coupled with the power of CoStar’s data and analytics. The combination will also enhance relationships with key real estate and accounting service providers and increase integration opportunities with key technology partners.
Implementation of Visual Lease’s technology will be seamless for all CoStar Real Estate Manager users. This will also provide Visual Lease’s mid-market customers with a new opportunity to grow into an enterprise solution. The platform’s GASB experience strengthens CoStar Group’s utility for government customers, while its ESG analytics product makes CoStar Group even stronger for identifying sustainability solutions across their portfolio.
“By combining CoStar Group’s industry expertise with Visual Lease’s diverse customer base, deep lease portfolio management expertise, and leading sustainability solutions, we are well positioned to offer a more comprehensive service offering and continue growing both nationally and internationally. I am excited to work with the talented team at Visual Lease to accelerate our growth, expand our offerings, and further enhance how we serve our customers,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. “CoStar Group is always focused on innovation and sourcing ideas and solutions from the best in the industry. Welcoming Visual Lease to CoStar Group is a significant milestone in our journey, opening new opportunities for both our clients and employees moving forward.”
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with over thirteen million average monthly unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. OnTheMarket is a leading residential property portal in the
About Visual Lease (VL)
Visual Lease (VL) is a premier platform for integrated lease management and lease accounting, trusted by enterprises worldwide to navigate complex portfolios with precision and ease. As the centralized system of record for all lease-related financial, operational, and legal data, VL is purpose-built to support every team involved in managing a company’s leased and owned assets. Informed by nearly three decades of experience, our platform integrates lease management, lease accounting, and sustainability reporting, enabling organizations to save time, mitigate risks, reduce costs, and support sustainability initiatives. Our award-winning software is used by 1,500+ organizations to manage more than 1 million real estate, equipment, and other leased asset records globally. For more information, visit visuallease.com.
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Investor Relations
Rich Simonelli
CoStar Group
(973) 896-8184
getrich@costar.com
News Media
Matthew Blocher
CoStar Group
(202) 346-6775
mblocher@costargroup.com
Source: CoStar Group
FAQ
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