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White Clarke Group Acquires EF Software Specialist Insyston

November 02, 2018, 07:15 AM
Filed Under: Mergers & Acquisitions

Lending technology firm White Clarke Group announced its acquisition of equipment finance software provider Insyston.

Founded in 1998, Insyston is an end-to-end asset finance software provider based in Sydney, Australia. Insyston moved its asset finance software to a SaaS model three years ago and has had great success, including internationally. This 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.
The Insyston products will provide a powerful complement to the 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.

“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,” said David Slider, Group Executive Vice President at White Clarke Group.

"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,” added Stephen MacMillan, Founder of Insyston.

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