Solifi, a global company in secured finance technology, acquired DataScan, a North American company in wholesale finance and inventory risk management.
The acquisition is aimed at extending Solifi’s automotive offering and Open Finance Platform technology with modern wholesale solutions. By integrating DataScan’s wholesale lending and inventory risk solutions with Solifi’s API-driven, cloud-based Open Finance Platform, the companies strive to provide customers with greater access to data and a connected commercial ecosystem designed to strengthen confidence, improve efficiency, lower costs and accelerate growth.
“This acquisition underscores Solifi’s commitment to innovation, expertise, and leadership,” Dan Corazzi, CEO of Solifi, said. “DataScan brings proven automotive wholesale, floorplan, and risk audit capabilities that strengthen our Open Finance Platform and support our vision of being a leader across equipment, auto, wholesale, and working capital finance. Just as importantly, we’re excited to welcome Brian and the DataScan associates into the Solifi family.”
Brian Koprowski, CEO and now president and general manager of DataScan, said, “Joining Solifi marks an exciting new chapter for DataScan and our customers. Our customers can expect continuity in the solutions and service they trust today, while also gaining the benefits of Solifi’s global reach, scale, and investment in cloud and AI innovation. Together, we’re bringing the best of both organizations to the markets we serve.”
Customers of both companies will continue with their existing service level commitments. DataScan will operate under the “DataScan by Solifi” brand. Koprowski will continue to lead the DataScan business as president and general manager, joining Solifi’s executive leadership team.
The combined roadmap aims to accelerate digital audit innovation with DataScan’s RiskGauge solution, while expanding wholesale finance capabilities into new global markets.
Goodwin Procter provided legal counsel to Solifi. TD Securities served as exclusive financial advisor and Kirkland & Ellis provided legal counsel to DataScan. Financial terms of the transaction were not disclosed.
