The two accounts receivable technology companies come together to offer broadened capabilities and expand presence into new markets.
Ontario is officially expanding its substantial collections workflow footprint into the first-party collections market segment—making it one of the few technology companies to serve both first- and third-party collections, according to a news release from the ACA International member company based in Muncie, Indiana.
Katabat’s debt collection platform leverages machine learning, a robust strategy engine, and leading compliance capabilities to help businesses ranging from globally recognized lenders to nimble debt collectors improve collection rates, enhance operational efficiencies, and reduce compliance risk, according to the news release. Katabat is an ACA member company in Wilmington, Delaware.
“As we grow and evolve as a company, we want to continue identifying smart ways to expand upon the value we bring to both our customers as well as our teams,” said Ontario Systems CEO Tim O’Brien in the news release. “We see the Katabat acquisition as reinforcing our ambitious strategic growth plan by allowing us to serve a more expansive portion of the accounts receivable market. We are delighted to welcome Katabat’s impressive customer base into the Ontario family and are committed to driving value for them by providing innovative solutions to address their business challenges.”
Katabat’s platform provides customers with a flexible, secure collections solution built by a team of former collections executives with a deep understanding of the industry and its specific needs.
“We are incredibly excited to join Ontario,” said Katabat CEO Ray Peloso. “Their decades-long position as the collections industry leader coupled with their established history of helping customers attain bold business outcomes provides the perfect point from which to expand the reach of the innovative work we have been doing at Katabat.”