On Tuesday, Solifi announced the acquisition of DataScan, which has been involved in wholesale finance and inventory risk management for more than 30 years.

Financial terms of the transaction were not disclosed, according to a news release.

Solifi said the acquisition extends the secured finance technology provider’s automotive offering and open finance platform technology with “proven, modern wholesale solutions.” The combination of complementary technologies and expertise reinforces Solifi’s position as a provider of end-to-end secured finance technology across auto, wholesale/floorplan, equipment, working capital, and asset-based lending.

By integrating DataScan’s wholesale lending and inventory risk solutions with Solifi’s API-driven, cloud-based open finance platform, customers can gain 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,” Solifi CEO Dan Corazzi said in the news release. “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 (Koprowski) and the DataScan associates into the Solifi family,” Corazzi continued.

Founded in 1989 and headquartered in Alpharetta, Ga., DataScan has been serving more than 45 major banks and captive lenders. Its core offerings include:

—Wholesale Intelligence: Loan servicing for wholesale lenders across North America

—RiskGauge: A digital audit platform modernizing legacy field audits into scalable, data-driven risk management

—Onsite: Human-verified inventory and asset audits by field specialists

“Joining Solifi marks an exciting new chapter for DataScan and our customers,” said Koprowski, who is now president and general manager of DataScan. “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,” Koprowski went on to say.

DataScan will operate under the “DataScan by Solifi” brand.

Goodwin Procter LLP provided legal counsel to Solifi. TD Securities served as exclusive financial advisor and Kirkland & Ellis LLP provided legal counsel to DataScan.