CARMEL, Ind.—Allied Solutions, a provider of insurance, lending, risk management, and data enabled products to financial institutions, has acquired the majority interest in TrxNow, a technology solutions provider for roadside assistance and service logistics.
The company stated the acquisition will expand Allied’s distribution opportunities in Canada and support broader key initiatives across the enterprise.
“Allied continues to invest in strategic acquisitions that will complement our business and this latest deal is no exception. I am very excited about the acquisition of TrxNow and how it connects into our big picture vision for Allied Solutions. Their products align very well with our MBP and Recovery Services and they have dominated the market with their cloud-based technology solutions and 24/7 trilingual contact center," said CEO Pete Hilger. "TrxNow is also a perfect fit from a culture perspective and that is very important for long term success."
‘Powerful & Unique’
According to Allied, the combination gives financial institutions across the United States and Canada access to a “powerful and unique” suite of solutions powered by market-leading technology and unparalleled service.
“Together they will deliver a truly connected and transparent customer experience and will reach a broader audience with expanded markets and distribution," Allied stated.