Lit

LIT delivers financial resources to help technology service providers confidently enter into flexible consumption contracts with their customers for hybrid cloud solutions. Their services eliminate most of the key barriers related to as-a-service offerings, resolving issues such as high upfront costs, late profit, and cash flow break-even points, as well as flexible termination and payment terms. With unrivaled financial models that are uniquely built for technology investments, LIT addresses the shift from inflexible Capex technology investments and leases to flexible, as-a-service pay-as-you-grow consumption, lifting the financial burden and risk of cloud delivery for systems integrators, service providers and technology manufacturer partners. LIT was created in 2011 by a group of professionals in the structured finance field. The rapidly increasing adoption of cloud, the demand for “IT as a service” bundled solutions, and the forthcoming changes in IFRS global leasing accounting standards has allowed LIT to evolve as an agile and flexible partner of IT systems integrators (service providers, channel partners, distributors and resellers) around the world. Leadership: Chief Executive Officer: Danny Lam 30+ years of asset finance experience; formally CEO of Société Générale’s asset finance division for the Americas. Chairman of the Board: Jack Sepple Former Sr. Managing Director at Accenture and Global Head of Cloud. 30 years of executive leadership in Accenture Chief Commercial Officer: Jaime Cohen Experienced professional in asset-backed finance, operations, and IT financing. Chief Development Officer: Bo White Fifteen years of experience in business development and financial structuring (ex-Macquarie).