LeapRev Inc.
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LeapRev Inc. - overview
Established
2021
Location
San Ramon, CA, US
Primary Industry
Software
About
Based in California, US, and founded in 2021 by Aswin Kurella, and Seshu Chilukuri, LeapRev Inc. , a. k. a.
LeapRev operates as a software-as-a-service-based company that provides a global revenue recognition and forecasting solution for public and private enterprises to meet ASC 606, ASC 340-40, and IFRS-15 requirements. In September 2022, Recurly, Inc. , a portfolio company of Accel-KKR, agreed to acquire LeapRev Inc. The company provides a scalable revenue management SaaS (software as a service) application that helps clients to automate ASC 606, IFRS 15, ASC 340-40, ASC 842, and IFRS 16 guidelines, minimizing compliance risk with the automated close process.
The firm’s application offers solutions to any contract modifications including volume discounts, up-sell, cross-sell, drawbacks, returns, cancellations, terminations, and price adjustments. In addition, the software provides a wide range of features, such as automation of the close process, expense accounting, VC and SSP automation, lease accounting, contract modification rules, and revenue insights and forecasting.
Primary Industry
Software
Sub Industries
Accounting Services, Accounting/Finance Software, Analytics & Performance Software
Website
www.leaprev.com
Verticals
Cloud Computing, RegTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
LeapRev Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Announced | LeapRev Inc. | - |
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