IDS, a US-based provider of asset finance and origination technology, appointed Eldon Richards to join its executive management team as chief technology officer in January.
Richards brings more than 20 years of enterprise software product development and global technology leadership to IDS. In this role, Richards will lead the development of all products including the IDScloud platform, which is based on the InfoLease portfolio management and Rapport origination solutions.
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David Hamilton, chief executive of IDS, said: “Eldon’s deep technical expertise, leadership qualities and extensive experience in disruptive technologies make him a perfect fit for IDS.
“Eldon will be an invaluable asset as we look to further the functional capabilities of our products and explore new ways to leverage technology to drive further efficiency, scalability and innovation for our customers. I am thrilled to welcome him as our new CTO.”
Richards joins IDS from Recondo Technology, an enterprise software-as-a-service (SaaS) platform providing revenue cycle management for healthcare organisations.
As Recondo’s CTO, he was responsible for all aspects of their SaaS technology platform including the integration of advanced technologies such as machine learning (ML) and natural language processing (NLP).
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By GlobalDataRichards was a key contributor to the company’s success which led to the acquisition by Waystar. Prior to Recondo, Richards held executive technology leadership positions at PatientPoint, Optum, and United Health Group.
Richards holds an undergraduate degree in computer science from the University of Utah, MBA from the University of Minnesota Carlson School of Management, as well as graduate-level certificates from Stanford University, Washington University in St. Louis and is a Six Sigma Green Belt.
IDS said its software is targeted at the entire asset finance process: “from origination, to portfolio management and end-of term.”
The group’s headquarters are in Minneapolis, US, with offices in the UK, Australia, Singapore and India.
