Aryza Group signs definitive agreement to acquire Collenda
Aryza Holdings Limited (Aryza) has today announced it is accelerating its European roll-out through the acquisition of Collenda, a leading DACH and Benelux credit management software provider.
Collenda provides an end-to-end integrated credit lifecycle platform for banks, corporates, and debt collection agencies. It covers the entire credit value chain from origination and servicing to collection and recovery. The Collenda team are currently working with some of the leading financial organisations across Europe.
This acquisition builds Aryza’s European presence following recent activity in North America, Australia, and Asia, and builds its product footprint in lending and corporate verticals. Completion of the transaction is subject to applicable regulatory clearances.
Commenting on the acquisition, Colin Brown, CEO Aryza, said:
“We are delighted to welcome Collenda into the Aryza Group. The two businesses are highly complementary with both companies, our clients and colleagues set to benefit from an enhanced product suite with cutting edge technologies including open banking based automation. The acquisition will enable Aryza, to deliver broader, more highly valued service to customers as well as unlocking significant international new business opportunities. Collenda’s solutions will help our customers manage all steps of the impairment process, and Collenda’s customers will benefit from Aryza’s wide suite of automation tools.”
Hartmut Wagner, CEO, Collenda added:
“We are very excited to take the next step of our journey by joining the Aryza Group. The deal accelerates our vision to build the strongest thought leader and best solution provider in the Credit Lifecycle Management market in Europe. We see great potential to offer more solutions and products to both our existing customers and partners but also to new ones in international markets.”