Stamford company’s ProLease app aimed at organizing leases

With the Norwalk-based Financial Accounting Standards Board (FASB) setting a 2018 deadline for a major new accounting standards update addressing leases, a Stamford company is finding new legs for its application it has been selling since the eve of Y2K as retailers and corporations digest the implications of adding leases to their balance sheets.

Started in 1992 as an extension of CPG Architects, Link Systems began selling its ProLease system in 1999 to help companies manage their varying leases, developing the tool in partnership with a New York software developer, ProCalc… ProLease is used by corporations and retailers managing leases in multiple locations, with the largest user tracking leases across more than 5,000 storefronts, and its smallest managing about 30 sites.

Competitors include Accruent, a venture capital-backed firm in Austin, Texas, that focuses on retailers; and Armonk, N.Y.-based IBM and its TRIRIGA application. Both Accruent and TRIRIGA are classified by Stamford-based Gartner as “integrated workplace management systems” (IWMS) to manage the lifecycle of facilities…

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