PASADENA, Calif. — VantageILM gains a new interim chief executive officer. This announcement comes on the heels of the company reporting that it has received a capital investment from Momentum Venture Management.

VantageILM is a provider of integrated lender/leasing management solutions for finance firms, banks, leasing companies and credit unions.

Momentum Venture Management is a Los Angeles company that helps entrepreneurs transform their technologies into viable, well-funded businesses, according to officials.

The new VantageILM interim CEO is Momentum Venture Management's managing director — Andy Wilson.

"For the past two years, VantageILM has been on the fast track developing one of the most powerful lender management solutions available today," said Robert Yuan, president of VantageILM. "We've designed a one-stop solution for lender management with a software platform that puts every function of the loan and lease process into one easy-to-use platform.

"As VantageILM continues its fast-growth trajectory, Momentum Venture Management, and Andy's experience specifically, will help guide us to help ensure our vision for success becomes a reality," he pointed out.

Additionally, Wilson indicated, "We feel that that VantageILM is well-positioned for its next stage of growth. The company plays a vital role in the loan market because it simplifies the lender-management process better than anything else on the market.

"In addition, its model, hosted software delivered via a SaaS model, is one that we feel has enormous potential because it gives users the best of both worlds in terms of speed, security and ease of use. Our goal is to take this great technology and approach and help build a path to long-term commercial success," he concluded.

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