IDS, a provider of secured finance, announced it has completed the acquisition of White Clarke Group (WCG), a provider of retail, fleet, wholesale and asset finance software for the automotive and equipment finance markets. 

The combination creates a multi-asset class secured finance technology powerhouse supporting banks, independents, OEM captives, and independents finance firms globally. 

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“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,” says David Hamilton, CEO of IDS. 

“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,” Hamilton says. 

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“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.” 

Expanding its comprehensive portfolio of products globally across multiple market segments, IDS said it can now offer Automotive Finance (Retail, Fleet, and Wholesale) Equipment / Asset Finance and Working Capital (Asset-based Lending and Factoring). 

IDS acquired White Clarke Group from Five Arrows Principal Investments, which will remain a shareholder in the combined company. As private companies, the financial terms of the deal were not disclosed. 

Interview with IDS CEO David Hamilton (May 13, 2021) 

“As far as its acquisition strategy is concerned, Hamilton says it’s about “continuing to build on our US leadership with complementary products that fit with the addressable market from a growth perspective; seeking ‘geographic expansion’ in North America, Europe and the Asia-Pacific, and; exploring ‘adjacent market expansion’, essentially moving into other areas of secured finance, such as factoring and asset-based lending”.