TDX Group Acquires Assets of Credit Account Management from Interlaken Group

TDX, the UK’s leading provider of data and technology driven debt solutions, today announced it has acquired the assets of Credit Account Management (CAM). The deal sees TDX Group integrate the technology and software from CAM within its award winning PLATO solution which is already the UK’s largest debt placement and management platform.

Mark Sanders, CEO of TDX Group commented, “TDX is committed to growth and innovation in the debt industry and we are always looking to improve the technology our clients can access. The addition of CAM’s technology will accelerate the capabilities of TDX to support an even broader range of creditors.”

Simon Jones, Group Managing Director of Interlaken Group, said, “Having made the decision to focus on our DCA capabilities, Interlaken Group is pleased to have completed the sale of CAM’s assets to TDX Group enabling our clients to continue to benefit from on-going panel and asset management services”.

The deal will allow the Interlaken Group to focus on building its leading position in the debt collection market. The company owns Fredrickson International and SRJ Debt Recoveries businesses.

TDX Group provides platforms, tools and services to the majority of the UK’s leading creditors across Financial Services, Energy, Telco and Water sectors enabling them to optimise their returns and has in excess of £6 billion of debt under management.

The acquisition offers existing clients of both businesses, and future clients, access to an unrivaled debt collection agency (DCA) network, depth and breadth of data and flexibility of choice to access the solution best suited to their requirements.

CAM has 12 full-time employees who have all been offered roles within the Interlaken Group.

Mark Sanders, TDX, added, “Combining the market-leading technologies of TDX Group and CAM will enable TDX to continue to improve and standardise data interfaces across the debt industry to provide both collection agencies and creditors with cleaner and more relevant data to drive performance, efficiency and treat customers fairly.

“We look forward to the opportunity to work with CAM’s existing clients to continue to drive improvements in performance.”