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Intelligent Banking Choices. Inc. companions with Arcadea Group to strengthen product roadmap and enhance its market presence
TORONTO & NEW LONDON, NH — Intelligent Banking Choices. Inc. (“IBS”), the market chief in Debt Assortment & Asset Restoration Administration software program program for Financial Institutions, broadcasts the shut of a strategic equity recapitalization funding with Arcadea Group, the one permanent-capital progress investor in software program program companies globally.
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The transaction will see IBS Founder Rob Daley continues in his place as President as a result of the enterprise expands the product roadmap and market presence.
“I am excited to affiliate with the Arcadea group to proceed what our group has constructed over the earlier 30 years. We’re terribly proud of our talent to ship value to our prospects and know that may solely improve with the assistance of Arcadea,” said Rob Daley, President. “The demand for purpose-built collections and restoration devices for Financial Institutions has under no circumstances been stronger. Having been pursued by many consumers and acquirors, Arcadea was our different as the correct affiliate given their expertise in investing and dealing corporations like mine and given their long-term technique to progress and market enlargement. We actually really feel like we have got a super partnership for years to return.”
Daniel Eisen, Managing Director & Co-Founding father of Arcadea Group, said, “in our search for the correct affiliate, it was evident IBS is the clear chief throughout the US market. The recommendations from every potential and current prospects was resoundingly optimistic.” He went on to say, “Rob and his group have achieved a ravishing job developing a customer-centric custom that is supported by top-of-the-line product within the market. It’s a extremely efficient combination that may solely get stronger with Arcadea’s assist.”
“We’re wanting forward to turning into a member of forces with IBS on this transaction,” said Paul Yancich, Managing Director & Co-Founding father of Arcadea Group. He added, “The enterprise is a perfect match for Arcadea as a bootstrapped, extraordinarily atmosphere pleasant software program program enterprise, with a gaggle that wishes to pursue continued progress over the long-term. We sit up for partnering with and supporting Rob and the group in a very long time to return.”
Intelligent Banking Choices. Inc. will proceed to be based in New Hampshire nevertheless will see continued market enlargement and progress of the group to assist vital demand from a variety of expanded product decisions.
About Intelligent Banking Choices. Inc.
Intelligent Banking Choices. Inc. is the primary provider of Debt Assortment & Asset Restoration Administration, software program program serving financial institutions to increase their profitability, reduce hazard, and drive optimum productiveness inside their organizations. Based totally in New London, New Hampshire, solely serving the debt administration requirements of the banking enterprise; serving to their teams in decreasing charge-offs, lowering departmental working costs, and rising restoration income. IBS provides most likely essentially the most broadly used banking collections and restoration software program program platform throughout the US market, having licensed the system to just about 900 financial institutions. IBS’ extremely efficient desktop and browser software program program permits organizations to maximise collector productiveness and automate the monitoring of delinquent accounts, foreclosures, repossessions, and bankruptcies. Improved staff productiveness and extremely efficient restoration devices moreover allow our purchasers to increase restoration revenue on charged-off accounts. IBS choices allow purchasers to remain compliant with internal and exterior insurance coverage insurance policies and legal guidelines referring to the gathering of delinquent accounts.
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About Arcadea Group
Arcadea Group invests in high-quality, neutral, normally founder-controlled software program program companies over normally terribly prolonged durations of time that no private equity or progress equity company can match. Based totally in Toronto and investing globally, Arcadea solely focuses on corporations with long-term progress potential and ambitions.
View provide mannequin on businesswire.com: https://www.businesswire.com/data/dwelling/20220713005001/en/
Contacts
Arcade Group Inc.
Andrew Hastings, VP Funding Enchancment
[email protected]
www.arcadeagroup.com
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