Solifi Acquires Inovatec to Link Inventory and Retail Lending

Solifi provides software used by financial institutions to manage lending and asset-finance operations, while Inovatec Systems specializes in retail loan origination technology. Combining the businesses would connect inventory-finance capabilities with consumer lending workflows, giving lenders a broader platform spanning dealer or channel funding through financing for end customers. The deal underscores continued consolidation among specialized financial-software providers.

Solifi has announced the acquisition of Inovatec Systems as it extends a software-buying campaign aimed at expanding its position in financial services technology. The transaction is Solifi’s third major software acquisition in a little over a year and is intended to bring inventory financing and retail loan origination onto a more integrated offering. The companies did not disclose the purchase price, a precise closing date or other financial terms in the information provided.