CardWorks acquires Dataline Systems
NEW YORK and FLORIDA, UNITED STATES — CardWorks Servicing, LLC (CWS), an end-to-end outsourcing support services provider for credit card and installment loan products, announced its acquisition of Business Process Outsourcing (BPO) and financial services operations support provider Dataline Systems.
According to CardWorks President and CEO Dan Pillemer, this transaction brings together two companies that offer “best-in-class services that are highly complementary, run on values inspired by their founders and, importantly, have similar people-centric cultures…”
CWS will provide Dateline with a greater breadth of resources, capabilities, and operational support to take its platform to the next level of client service.
In turn, Dateline will be able to grow CWS’ core business with its existing and prospective clients.
Pillemer added that this acquisition signals a shift to exploring inorganic growth opportunities at CardWorks.
“We are excited to explore acquisitions of companies, assets, or capabilities that expand CardWorks’ businesses and are in line with our vision for the future, particularly if we are lucky enough to find teams as talented as the Dataline team,” he stated.
As of January 1, 2023, Dataline is now operating as a wholly-owned subsidiary of CWS. The financial terms of the transaction were not disclosed to the public.
