IDS and White Clarke Group Join Forces to Create a Secured Finance Technology Powerhouse

▤ Summary

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. “Global business has entered a new long-term investment cycle driven by the rapid evolution of technology,” commented 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. Supporting this fast-changing market need is the motivation for bringing our two great companies together creating an unmatched range of secured finance solutions and the ability to support customers globally.” IDS and White Clarke Group together provide a comprehensive portfolio of products across multiple market segments including: • Automotive Finance (Retail, Fleet, and Wholesale) – CALMS is a full lifecycle system including point-of-sale, loan origination, loan servicing, and floorplanning capabilities serving 8 of the top 10 auto manufacturers representing 25 brands. “IDS and White Clarke Group have both invested in building industry-leading solutions which serve many of the worlds top financial services and automotive brands. White Clarke Group was established in 1992 and has built a strong track record in providing specialized technology and software solutions to the automotive and asset finance markets.

▦ Linked Companies

IDS

$1M to $5M