MillenniumIT and Odessa Technologies, Inc. (“Odessa") have announced a strategic partnership establishing MillenniumIT as a marketing, implementation and support partner of Odessa’s lease, loan and fleet management software solution, LeaseWave. The partnership will cater to the organizations involved in vehicle and equipment leasing in Sri Lanka.

Faiq Faiz, Executive VP of MillenniumIT said “Leasing is one of the preferred modes of financing in Sri Lanka and with the on-going financial consolidation, demand for technology solutions that can scale up to support complex requirements and growing transaction volumes of organisations involved in leasing, is expected to rise. In LeaseWave®, we have found a functionally rich solution that caters well to the Sri Lankan requirements and is globally proven”.

Jay Mehra, COO of Odessa Technologies, said about this partnership, “As we embark on this partnership with MillenniumIT, a premier technology provider and one of the most respected IT companies in Sri Lanka, we see this as an opportunity to bring the benefits of our global experience in leasing to Sri Lankan organisations along with MillenniumIT. We are proud to have partnered MillenniumIT and are excited about the opportunities available through their wealth of experience and knowledge of the financial industry in Sri Lanka”.