Software and service provider Emric has taken another step
in its growth ambitions by acquiring back office specialist Extenda
Financial Solutions (EFS).
This is the second acquisition in the last 12 months for Emric,
which offers system support for credit decisions and administration
processes across a range of credit products including
According to Emric managing director Joakim Dahlgren, the
benefit of the acquisition will be in the combination of EFS’ back
office expertise and Emeric’s credit decisioning
“In acquiring Extenda Financial Solutions,
we are taking a big step towards our long-term goal of becoming a
full-service partner with an integrated solution for banks, leasing
and credit institutes globally.
“Thanks to this acquisition, we can now offer a more modern
front-to-back solution for mortgages and corporate credits”.
Juha Duvaldt, Managing Director of Extenda, said: “For us the
acquisition is a way of taking a step to the next level. We can now
offer our back-office products to new customers and markets – even
Dahlgren told Leasing Life that ‘a couple more’
acquisitions were planned within the next three years.
Emric now has a headcount of just over 200 employees, of which 33
were gained from the Extenda acquisition, with offices in Europe,
Asia and the UK.