PE-backed AMTdirect appoints Ralyea as CEO

AMTdirect, a provider of lease management solutions, has named Jeff Ralyea as CEO. Previously, Ralyea worked at ECi Solutions where he was a division president. AMTdirect is backed by Luminate Capital Partners.

PRESS RELEASE

CHARLOTTE, N.C. (PRWEB) SEPTEMBER 16, 2019
AMTdirect, an industry leader in lease management solutions, today announced that it is continuing to strengthen its executive team with the appointment of Jeff Ralyea, a veteran technology leader, as its new Chief Executive Officer. Scott Schubert, former CEO, and Dan Schubert, former President, will remain on the board of directors leveraging their wealth of industry experience to help guide the company’s long-term strategy.

“Dan and I are proud of the company we’ve built and are excited to contribute as founders and board members to AMTdirect’s next phase of growth. We’re eager to support Jeff as he leads our customers, partners, and team to new levels of performance,” said Scott Schubert. “We’ve experienced tremendous growth over the last two years and having a strong operational leader on board will help us consistently deliver for our customers as we continue to grow.”

Ralyea brings several decades of financial and operational software experience to the company. He has held leadership positions at Infor, SAP, Ellucian and most recently at ECi Solutions as a Division President. Ralyea’s roles have included Product Management, Product Marketing, Corporate Marketing and General Management.

“I’m thrilled to join the AMTdirect team,” said Ralyea. “I look forward to leveraging my skills and experience to add to the success of the company. There’s a great deal we can do to create value for our customers and I’m excited for the opportunity to earn their trust.”

“Jeff has deep experience working closely with customers to deliver high-value solutions,” said Mark Haidet, chairman of the board of AMTdirect and operating partner at Luminate Capital Partners. “Jeff has a passion for delivering value to customers, putting strong management systems in place, and building high performing teams.”

Luminate Capital Partners made a majority investment in AMTdirect in October 2017. The additions of Jeff Ralyea as CEO and Patrick Milburn as CTO are the most recent in a series of investments expanding the leadership team, the solutions, and the capabilities of the fast-growing company.

About AMTdirect
Founded in 1996, AMTdirect is one of the largest and most experienced SaaS companies in the lease administration and accounting technology space. Trusted by over 650 of the world’s most well-known brands, AMTdirect serves companies of all sizes in the retail, healthcare, hospitality, manufacturing, higher education, and business services sectors. For more information, visit http://www.amtdirect.com or call (704) 896-3118.

About Luminate Capital Partners
Luminate Capital Partners is a private equity firm focused on making investments in enterprise software companies. Luminate partners with management teams to provide capital to drive strategy, growth, and operational improvements. Luminate’s portfolio of market leaders has included AMTdirect, AutoQuotes, Comply365, Conexiom, LiquidFrameworks, Oversight Systems, PDI, Fintech, and StarCompliance. For more information, visit http://www.luminatecapital.com.