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.

“With a comprehensive and flexible technology foundation, these finance providers will be able to support new funding models accelerating the move to digital, servitization, and mobility.

“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.”

Founded in 1992, White Clarke Group provides a range of full lifecycle loan origination and contract management software for the automotive, consumer and equipment finance sectors.

It employs 600 staff across its offices in the UK, mainland Europe, North America and Asia Pacific, and its clients include eight of the top 10 global automotive captives.

IDS is acquiring White Clarke Group from Five Arrows Principal Investments, which originally invested in the business in 2016 and will remain a shareholder in the combined company.

“Our industry is being disrupted by a global shift in consumption,” said Brendan Gleeson, Group CEO of White Clarke Group.

“Consumers and businesses want utility and outcomes, not ownership. This has created an opportunity for financing firms to tap into emerging technologies including digital and AI to create new business models like subscription and car sharing.

“As these trends accelerate, these firms will need the support of a global technology vendor that can deliver innovation at scale. Combining our companies provides the ability to innovate at the pace of change while delivering exceptional value to our combined customer base.”

About IDS

IDS offers a suite of secured finance technologies to help banks, specialty finance firms and captive finance organizations drive operational efficiency and growth. Organizations of all sizes rely on our technologies and consultative services to optimize their asset finance, asset-based lending and factoring operations. Our software solutions are built on IDScloud, a true software-as-a-service (SaaS) platform that offers best-in-class simplicity, scalability and affordability. IDS serves a global customer base from offices in the United States, the United Kingdom and Australia.

The company’s headquarters are located in Minneapolis, Minnesota, USA. For more information visit www.idsgrp.com.

About White Clarke Group

Founded in 1992, White Clarke Group provides a range of full lifecycle loan origination and contract management software for the automotive, consumer and equipment finance sectors.

As a global organization, it currently employs 600 finance and technology professionals across its offices in the UK, mainland Europe, North America and Asia Pacific. Its clients include eight of the top 10 global automotive captives.

It has built a strong track record in providing specialized technology and software solutions to the automotive and asset finance markets. The company’s CALMS (Customer Acquisition & Lifecycle Management System) product range supports the complete lifecycle of auto and asset finance, leasing, and loan origination from point-of-sale through credit approval, contract management and customer support. The company has offices in the UK, US, Canada, Australia, Austria, Germany, India and China.

For more information visit www.whiteclarkegroup.com.

Media Contacts

IDS: Ray Wizbowski |  rwizbowski@idsgrp.com |  +1 512.923.8007

White Clarke Group: Anna Lepp | alepp@whiteclarkegroup.com | +44 (0) 7715 493 613