IDS, a provider of asset finance technology, exited Q2/20 with the addition of three new customers, including two technology providers and a top 25 U.S bank, to the IDScloud platform. The company recently celebrated the second anniversary of its IDScloud platform with 21 customers and more than $25 billion of net asset value committed to the service. The company also confirmed the upgrade of three existing banks to InfoLease 10, the company’s flagship portfolio management solution, which currently manages more than $300 billion in net asset value.

“We continue to focus our efforts and investments on delivering the best solutions possible to our customers during this unprecedented time,” David Hamilton, CEO of IDS, said. “The positive momentum we have seen in the first half of the year is a direct result of this customer centric focus. We have made it our mission to provide our current customers with the tools they need to successfully navigate these challenging times and to provide world-class technology solutions to firms who are looking for technologies that will help them accelerate through the current crisis and capitalize on many new opportunities. We are excited to welcome these innovative new customers to the IDScloud family.”

The IDS portfolio of solutions features IDScloud’s full contract lifecycle management, which includes Rapport origination and InfoLease portfolio management solutions. IDScloud currently supports customer portfolios in North America, Australia, Europe and Asia.