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IDS Acquires White Clarke Group To Create “Secured Finance Powerhouse”
UK-based software company White Clarke Group has been acquired by US-headquartered IDS in a deal that creates a “secured finance technology powerhouse”.
The terms of the deal – which is expected to close before the end of Q2 2021 – have not been disclosed.
Together, the combined company will serve more than 300 customers across North America, Europe and Asia Pacific and will be co-headquartered in Minneapolis and Milton Keynes.
“Global business has entered a new long-term investment cycle driven by the rapid evolution of technology,” said David Hamilton, CEO of IDS.
“Smart factories, connected-assets (IoT), green-energy and many other technology innovations will bring about exciting new economic growth opportunities which will require access to capital from secured finance firms.
IDS set to acquire White Clarke Group, forming global fintech firm
Image courtesy of the company. Wednesday, Apr. 07, 2021, 12:02 PM By Auto Fin Journal Staff MINNEAPOLIS and MILTON KEYNES, U.K. -
White Clarke Group is set to have its second owner in five years.
According to a news release distributed on Wednesday, IDS, a provider in enterprise mission-critical solutions for secured finance, has agreed to acquire White Clarke Group, a provider of retail, fleet, wholesale and asset finance solutions for the automotive and equipment finance markets.
Executives highlighted the two companies combine to create a multi-asset class secured finance technology powerhouse supporting banks, independents, OEM captives and specialty finance firms globally.
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IDS, White Clarke Group Join Forces to Create a Secured Finance Technology Powerhouse
April 07, 2021, 08:02 AM
IDS, a leader in enterprise mission-critical solutions for secured finance, has agreed to acquire White Clarke Group, a leading provider of retail, fleet, wholesale and asset finance solutions for the automotive and equipment finance markets. The two companies combine to create a multi-asset class secured finance technology powerhouse supporting banks, independents, OEM captives and specialty finance firms globally. Together, the combined company will serve more than 300 customers across North America, Europe and Asia Pacific and will be co-headquartered in Minneapolis, MN and Milton Keynes, U.K.
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IDS agrees White Clarke Group acquisition 3 hours ago
Source: IDS IDS, a leader in enterprise mission-critical solutions for secured finance, has agreed to acquire White Clarke Group, a leading provider of retail, fleet, wholesale and asset finance solutions for the automotive and equipment finance markets.
The two companies combine to create a multi-asset class secured finance technology powerhouse supporting banks, independents, OEM captives and specialty finance firms globally. Together, the combined company will serve more than 300 customers across North America, Europe and Asia Pacific and will be co-headquartered in Minneapolis, MN and Milton Keynes, U.K.