Lending technology company White Clarke Group has announced the acquisition of equipment finance software provider Insyston.
Founded in 1998, Insyston is an end-to-end asset finance software provider based in Sydney, Australia.
The acquisition supports White Clarke Group’s expansion plans in the Australian, European and North American equipment finance sectors, and adds to its cloud hosting expertise.
Insyston moved its asset finance software to a Software-as-a-Service model three years ago and has experienced international success.
David Slider, group executive vice-president at White Clarke Group, said: “We are excited to help serve Insyston’s existing large customer base going forward and to expand the CALMS platform by making the benefits of the Insyston solution globally accessible.”
The Insyston products will complement White Clarke Group’s CALMS product suite by adding richer asset finance functionality in areas such as specialist assets, managed services, various funding structures and securitization.
Stephen MacMillan, founder of Insyston, said: “We are thrilled to be part of a team with a proven track record and international experience. By joining our forces, we continue to strengthen our position in Australia and we are excited to take the Insyston product into new markets.”
White Clarke Group is already a major global player in the provision of end-to-end loan origination, servicing, collections and floorplan/wholesale finance software to the automotive, consumer and equipment finance sectors.
Its clients include GM Financial, Toyota Financial Services, Volkswagen Financial Services, Exeter Finance Corp, BMW Financial Services, and Yamaha Motor Finance.