Australian technology and debt collection provider Credit Clear (ASX:CCR) announced a binding agreement to acquire 100% of illion Digital Tech Solutions, a Software-as-a-Service collections business and wholly owned division of Experian New Zealand Operations.
DTS, founded in 1986, has a 35-year track record with operations across the United Kingdom, Australia, New Zealand, Canada, and the USA, providing tailored digital debt collection and management solutions across sectors including financial services, telecoms, utilities, and government.
The acquisition, valued at $7.8 million in an upfront cash payment, is expected to be earnings accretive in its first year and expands Credit Clear's SaaS revenue from 5% to 17% of annualized revenue.
DTS’ platform offers automated voice calls, multi-channel engagement, and data-driven insights from high-volume interactions, complementing Credit Clear's AI-powered digital workflows.