Global fleet and leasing software provider Sofico has reached a new milestone with the completion of its 30th Miles implementation project.

Miles, Sofico’s software platform, is now in production at 30 different sites in 18 countries around the world, which puts the number of vehicle contracts managed by Miles at the 1.25m mark. The company first launched Miles with Auto-Interleasing AG in Switzerland in 2005.

"There are another 11 implementation projects currently ongoing with automotive clients in Europe, Australia, Japan and Thailand," the company wrote.

To support its expansion the company has grown its team to 200 employees.

Last month, sales and marketing executive at Sofico Wim Bauwens talked to Sotiris Kanaris about the increasing convergence between the fleet and retail leasing markets