Solifi, a global leader in secured finance technology, has announced the acquisition of DataScan, a North American provider of wholesale finance and inventory risk management solutions, aiming to expand its automotive offerings and Open Finance Platform.
Solifi’s acquisition of DataScan, which was founded in 1989 and is headquartered in Alpharetta, GA, integrates DataScan’s established wholesale finance and risk capabilities into Solifi’s existing technology stack. DataScan has over 30 years of experience in the sector, serving more than 45 major banks and captive lenders with solutions like Wholesale Intelligence for loan servicing, RiskGauge for digital audit platforms, and Onsite for human-verified inventory and asset audits.
The strategic move is designed to extend Solifi’s automotive finance portfolio and its API-driven, cloud-based Open Finance Platform. This integration is expected to offer customers enhanced access to data and a connected commercial ecosystem, ultimately aiming to improve efficiency, reduce costs, and accelerate growth within the secured finance sector, which includes auto, wholesale/floorplan, equipment, working capital, and asset-based lending.
Dan Corazzi, CEO of Solifi, stated that the acquisition reinforces Solifi’s commitment to innovation and leadership, highlighting DataScan’s proven expertise in automotive wholesale, floorplan, and risk audit capabilities. He added that the integration strengthens their Open Finance Platform and supports Solifi’s vision of leadership across various finance categories. Brian Koprowski, CEO of DataScan, who will now serve as President and General Manager of DataScan by Solifi, expressed enthusiasm for the new chapter, noting that customers will benefit from Solifi’s global reach, scale, and investment in cloud and AI innovation.
Customers of both companies are assured of continuity in their existing service level commitments, with DataScan continuing to operate under the “DataScan by Solifi” brand. Koprowski will join Solifi’s Executive Leadership Team. The combined roadmap includes plans to accelerate digital audit innovation through DataScan’s RiskGauge solution and to expand wholesale finance capabilities into new global markets.
Financial terms of the transaction were not disclosed. Legal counsel for Solifi was provided by Goodwin Procter LLP, while TD Securities served as exclusive financial advisor and Kirkland & Ellis LLP provided legal counsel to DataScan. Solifi is backed by TA and Thoma Bravo.
