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.
The acquisition is also expected to accelerate geographic expansion, unlock cross-selling opportunities with DTS' Blue-Chip client base, and replicate the success of Credit Clear’s prior acquisitions, including ARMA in Australia and ARC Europe.
Completion is anticipated on or around Jan. 1, 2026.
Credit Clear CEO Andrew Smith said the acquisition strengthens the company's position in the automated digital collections market and provides immediate scale and diversification to its digital platform.
At the time of reporting, Credit Clear's share price was $0.28.