Solifi (TA Associates) acquires Inovatec Systems Corporation
TARGET
Cloud-based loan origination, loan management, and digital portal software for automotive, powersports, and equipment lenders including banks, credit unions, captive finance firms, and specialty lenders across North America.
| Ownership | Founder-owned |
| Headcount | 160+ FTEs |
| Headquarters | Burnaby, British Columbia, Canada |
| Leadership | |
| Sell-side advisor | TD Securities |
ACQUIRER
Global secured-finance software platform spanning automotive, equipment, wholesale, and working capital finance for banks, captive finance organizations, and lenders worldwide.
| Ownership | PE-backed |
| Parent | TA Associates |
| Investors | — |
| Headcount | 1,185 FTEs |
| Headquarters | Minneapolis, Minnesota |
| Deal leads | |
| Leadership | |
| Buy-side advisor | — |