LeaseQuery acquires Stackshine

Lease accounting software provider LeaseQuery announced its acquisition of Stackshine, a SaaS spend management platform designed to help companies track and optimize their software spend and usage.

Founded in 2019 as a Y Combinator company, Stackshine's platform discovers the SaaS software used by a company, highlights available cost-cutting opportunities, and uses AI to automate employee onboarding and offboarding. Stackshine's customers will now further benefit from LeaseQuery's dedicated resources.

The deal also allows LeaseQuery to expand beyond lease accounting needs into providing a comprehensive platform that enables clients to identify and reduce unnecessary spending by giving insight into both SaaS subscriptions and leases.

 "We are committed to making our customers' lives easier by simplifying the complex, and our acquisition of an innovative SaaS spend management platform allows the office of the CFO to address another significant pain point regarding one of their largest areas of spend outside of leases," said George Azih, founder and CEO of LeaseQuery. "Expanding our offering beyond lease accounting gives our combined customer base something no other provider is offering in the market — centralized visibility into two of their biggest spend areas, SaaS subscriptions and leases, in one comprehensive platform, enabling them to identify and reduce unnecessary spending.

For more information on Stackshine, powered by LeaseQuery, visit www.leasequery.com/stackshine.