Solifi
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Solifi - overview
Established
1974
Location
Minneapolis, MN, US
Primary Industry
Software
About
Solifi is a Minneapolis-based company specializing in financial software solutions, focusing on secured finance across diverse markets, including automotive and equipment financing. Founded in 1974 and headquartered in Minneapolis, US, Solifi provides software solutions for the secured finance industry. The company has pivoted over the years to enhance its service offerings and recently underwent a Recapitalisation, raising USD 97. 50 mn.
David Hamilton is the current CEO, leading the company through its latest strategic developments. Solifi has engaged in a total of 4 deals, with the most recent deal occurring on October 9, 2024. Solifi offers a comprehensive Open Finance Platform designed to enhance secured finance solutions tailored to various markets, including automotive, consumer, equipment, fleet, wholesale finance, and working capital. Their core offerings include software for originations, portfolio management, and specialized tools such as the ESG Portfolio Strategist and the Leasepath management system.
The platform streamlines the lease and loan management process, facilitating improved efficiency in operations while providing users with real-time insights for better decision-making. Target clients include financial institutions, equipment finance providers, and businesses in the automotive sector across North America, Europe, and Asia-Pacific, where their products serve to optimize financing operations and improve customer experiences. In 2006, Solifi generated revenue of USD 47. 68 mn, with an EBITDA of USD 10.
78 mn. The company operates on a subscription-based model that provides access to its suite of finance management software and services, allowing clients to subscribe for a set fee with additional costs for premium features or services. Following the acquisition by TA Associates in October 2024, Solifi plans to leverage the investment to improve its software capabilities, enter new markets, and pursue targeted acquisitions. The company's strategy includes launching new products in the upcoming year and expanding its presence in North America, Europe, and Asia-Pacific to better serve clients and enhance financing solutions.
Current Investors
Thoma Bravo
Primary Industry
Software
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.solifi.com
Verticals
Cloud Computing, FinTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Solifi - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | DataScan Technologies LLC | - | ||||||||
| Add-on | Completed | Leasepath | - | ||||||||
| Secondary Buyout | Completed | Solifi | - | ||||||||
| Add-on, Trade Sale | Completed | White Clarke Group Ltd. | - | ||||||||
| Add-on | Completed | William Stucky & Associates, Inc. | - |
Displaying 1 - 5 of 8
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.