Deal bolsters the company's Mortgage Credit Link business
Fintech firm MeridianLink has announced that it has reached an agreement to acquire TazWorks, a tech company that offers a background screening platform.
In a statement, MeridianLink CEO Nicolaas Vlok said that TazWorks’ platform for consumer reporting agencies (CRAs) is the “perfect complement” to its Mortgage Credit Link business, a browser-based platform for consumer data verification and analytics.
Vlok also said that the acquisition will enable MeridianLink to “help organizations streamline their screening and credit reporting processes.”
TazWorks’ screening platform enables companies to make better-informed business decisions, as well as develop custom applications and integrate with third-party partners.
“We are confident the deep collective CRA experience of our two amazing organizations, coupled with MeridianLink’s investment, will accelerate TazWorks’ product development and roadmap,” said Barton Taylor, CEO and founder of TazWorks. “This acquisition will allow increased innovation within screening technology, and the API development will provide a faster delivery of these products to the industry.”
The transaction, which is expected to be closed shortly, came on the heels of MeridianLink’s acquisition of Teledata Communication – the creator of SaaS loan origination system DecisionLender.
