Aryza Holdings Limited Plans to Acquire Collenda

The financial software solutions provider, Aryza Group recently announced that it has signed a definitive agreement to acquire Collenda, a prominent credit management software provider.

The acquisition will provide an opportunity for Aryza to expand its presence in the European region. Collenda supports financial institutions like banks and debt collection agencies via an integrated credit lifecycle platform. The completion of the mentioned transaction is subject to regulatory approvals.

According to Aryza, the overall demand for the company’s services increased in the last few months. After its fruitful growth activities in North America, Australia, and Asia, Aryza is planning to take advantage of the growing European markets.

“We are delighted to welcome Collenda into the Aryza Group. The two businesses are highly complementary with both companies, our clients and colleagues are 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,” Colin Brown, the CEO of Aryza, commented.

“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,” Brown added.

Technology-Driven Banking Solutions

The global financial services sector is going through a major shift. To keep up with the changes, banks are focusing on the integration of technology-driven solutions to make banking processes smooth and efficient.

“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,” Hartmut Wagner, CEO at Collenda, added.