Doxim Solutions completes cross-border acquisition of IDS.com

September 6, 2017

On September 6, 2017, Doxim Solutions ULC of Markham, Ontario announced its acquisition of Intelligent Document Solutions, Inc. (“IDS.com”) of Madison Heights, Michigan.

Doxim is a leading provider of SaaS-based customer engagement software for banks, credit unions, and wealth management firms. IDS.com provides secure eDocument and statement solutions to more than 500 banks and credit unions. By joining forces with IDS.com, Doxim extends its market reach to over 1,500 financial institutions that serve more than 25 million consumers.

The acquisition was financed with an equity investment from private equity firm Strattam Capital and Doxim management along with debt provided by PNC Bank, N.A., PNC Bank Canada Branch, and funds managed by GSAM Private Credit Group.

Miller Thomson advised the Doxim group of companies on a corporate reorganization to facilitate this acquisition and on the Canadian aspects of the associated financing with a team that included Paul Brace and Callum Campbell (corporate/M&A); David Reynolds and Shaun Parekh (financing); with support from Gerald Courage and Neil Gurmukh (tax).