Compliance, credit risk and lending solutions provider Abrigo has acquired Integrated Financial Solutions (IFS) for an undisclosed sum.Abrigo acquires IFS for undisclosed sumIncluded in the deal is IFSLeaseWorks, a cloud-based system designed to automate lease and loan origination processes, including transaction structuring and credit decisioning, for the equipment leasing and fleet management industries specifically.IFS has developed and supported IFSLeaseWorks since 1996.The integration of IFS and IFSLeaseWorks will see Abrigo add equipment and vehicular financing capabilities to its existing loan origination offering, while also expanding its suite of automation and asset management tools.Based in Austin, Texas, Abrigo offers commercial, construction, consumer, community and small business lending services alongside portfolio management, consulting and fraud risk solutions, and claims to service 2,400 financial institutions.The company, led by CEO Jay Blandford, previously acquired financial software developer TPG Software last March to enhance its accounting and risk management capabilities.Prior to this, Abrigo also bolstered its financial risk capabilities by snapping up Valuant, a compliance and credit risk software and service provider, in 2023.
Ven. Gen 31st, 2025
