IDS has completed the acquisition of White Clarke Group, a provider of retail, fleet, wholesale and asset finance software solutions for the automotive and equipment finance markets.
The combination, says IDS, creates a multi-asset class secured finance technology “powerhouse” supporting banks, independents, OEM captives, and independents finance firms globally.
David Hamilton, CEO of IDS, explained: “Bringing our two companies together as one accelerates our ability to innovate at scale and better serve our combined global customer base with a comprehensive portfolio of market-leading secured finance solutions.
“Together, we provide the industry's most talented and experienced team of secured finance experts to ensure our customers' success globally.”
The fast-paced world of technology – from smart manufacturing to the Internet of Things (IoT) to sustainable energy – is bringing about emerging technologies, new funding models and exciting new economic growth opportunities.
“These opportunities will increasingly require access to capital from secured finance firms,” said Hamilton.
“Drawing from our combined strengths, IDS is now more agile and better positioned to capitalise on these market trends and innovate at the pace of change as we support the accelerated growth of digital transformation, service-centric business models and mobility in our industry.”
Co-headquartered in Minneapolis and Milton Keynes, IDS serves more than 300 customers across North America, Europe, and Asia Pacific.