Software-as-a-service provider Solifi has acquired Leasepath, a middle-market technology platform for equipment finance and lease management.
The deal strengthens Minneapolis, Minn.-based Solifi’s presence in the mid-market sector and expands its global solution portfolio, according to a Solifi release today. Terms of the deal were not disclosed.
The acquisition will enable deeper collaboration and resource sharing between the two companies, aimed at accelerating growth and reinforcing Solifi’s presence in the secured finance sector. Ontario, Canada-based Leasepath will continue to operate under the leadership of Chief Executive Jeff Bilbrey, who called the deal “a key milestone” that supports the company’s customer service and long-term expansion goals.
“This acquisition enables Leasepath to diversify its financial service offerings and target additional markets, including EMEA and APAC, while amplifying Solifi’s mid-market growth opportunities,” Solifi CEO Dan Corazzi stated in the release.
Both companies will maintain their current product offerings and continue operating from their respective headquarters and regional offices.
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