SoliFi formerly IDS Strengths, Domain Expertise, and Key Differentiators
SoliFi offers equipment finance software that oversees the entire lifecycle of equipment leases and loans, from origination to asset management. InfoLease facilitates the seamless exchange of data with the company's ERP system and in-house origination system. This integration with InfoLease is pivotal in realizing the company's objective of attaining real-time information and streamlining manual processes.
SoliFi formerly IDS Recent Developments
Solifi’s launch of its Open Finance Platform highlights its focus on advancing cloud-based solutions for critical financial systems. In 2021, the company integrated 12th Tech’s RTI Auditing System with its CALMS Compass platform, streamlining dealer management through real-time audit data. That same year, IDScloud introduced key innovations including DataStream for secure, near real-time data delivery, and a Developer Portal for streamlined integrations. It also developed a flexible Pricing Microservice and achieved SOC 1, SOC 2, and SOC 3 certifications, reinforcing its commitment to security and compliance.
SoliFi formerly IDS Mergers and Acquisitions (M&A) Activities
SoliFi offers equipment finance software that oversees the entire lifecycle of equipment leases and loans, from origination to asset management. InfoLease facilitates the seamless exchange of data with the company's ERP system and in-house origination system. This integration with InfoLease is pivotal in realizing the company's objective of attaining real-time information and streamlining manual processes.
SoliFi formerly IDS Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying SoliFi formerly IDS applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of SoliFi formerly IDS and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified InfoLease customers.
SoliFi formerly IDS Overview
TractorWorks Building 800 Washington Avenue North, Suite 901
Minneapolis, MN, 55401, United States
1 612-851-3200
https://www.solifi.com/
Ownership: - Schroder Ventures U.S.
Number of Employees: 650
Functional Markets: Analytics and BI, CRM, ERP Financial, ERP Services and Operations, TRM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Manufacturing, Professional Services,
SoliFi formerly IDS Key Enterprise and Cloud Applications
InfoLease
SoliFi formerly IDS Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
SoliFi formerly IDS Revenue Breakdown By Type, $M:
SoliFi formerly IDS Enterprise Applications Revenues By Functional Markets, $M:
SoliFi formerly IDS Enterprise Applications Revenues By Verticals, $M:
SoliFi formerly IDS Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
SoliFi formerly IDS Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
SoliFi formerly IDS Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified SoliFi formerly IDS Customers
No. of SoliFi formerly IDS Customers: 320
No. of SoliFi formerly IDS Enterprise Applications Customers: 320
No. of SoliFi formerly IDS Cloud Customers: x
No. of SoliFi formerly IDS Cloud Subscribers: x
SoliFi serves over 300 customers globally, including 34 of the top 50 U.S. banks and 7 of the top 10 U.S. equipment financing firms. The company's customer base spans various regions, including North America, Europe, Australia, and India, reflecting its expansive reach and adaptability across different markets.
Among their clientele are Xeox, Sany, TCF Bank, Paccar, John Deere, Imagine Net Consulting, Hitachi, Sharp, Allegiance Finance Group, Olympus, and various other entities.
SoliFi formerly IDS Market Opportunities, M&A and Geo Expansions
In 2024, Solifi received a majority investment from TA Associates (“TA”), a leading global private equity firm. This transaction accelerated Solifi’s growth by supporting product innovation, driving expansion into adjacent financing markets and new geographies, and delivering enhanced value to its customers. Existing investor Thoma Bravo, a leading software investment firm, continued to maintain a meaningful stake in Solifi.
SoliFi formerly IDS Risks and Challenges
Despite its growth, SoliFi faces challenges inherent in the fintech industry. The rapid pace of technological advancements necessitates continuous innovation to stay ahead of competitors. Additionally, regulatory changes and data security concerns are critical factors that could impact the company's operations. Maintaining a robust go-to-market strategy and ensuring compliance with global regulations will be essential for mitigating these risks.
Despite Solifi's extensive experience in the enterprise application business, the company still has a significant journey ahead to be considered among the major players in the industry.
SoliFi formerly IDS Ecosystem, Partners, Resellers and SI
Solifi has built a robust partner ecosystem to enhance its open finance solutions across asset finance, automotive finance, and asset-based lending. Key partnerships include LimePoint for real-time data streaming, One Auto API for streamlined access to comprehensive vehicle data, and Codat for seamless integration of borrower financial data to support credit decisioning. Additionally, Solifi collaborates with technology providers such as Tamarack Technologies and Ivory Consulting, further extending its platform capabilities. These partnerships enable clients to access real-time insights, improve operational efficiency, and make data-driven decisions across various finance workflows.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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