Eldon Richards has joined IDS, a provider of asset finance and origination technology, as its executive management team as chief technology officer (CTO).

Richards brings more than 20 years of enterprise software product development and global technology leadership to IDS. In his role, Richards will lead the development of all products including the IDScloud platform which is based on the InfoLease portfolio management and Rapport origination solutions.

“Eldon’s deep technical expertise, leadership qualities and extensive experience in disruptive technologies make him a perfect fit for IDS,” stated David Hamilton, IDS CEO. “Eldon will be an invaluable asset as we look to further the functional capabilities of our market leading products and explore new ways to leverage technology to drive further efficiency, scalability and innovation for our customers. I am thrilled to welcome him as our new CTO.”

Richards joined IDS from Redondo Technology, an enterprise software-as-a-service (SaaS) platform providing revenue cycle management for healthcare organizations. As Recondo’s CTO, he was responsible for all aspects of their SaaS technology platform including integration of advanced technologies like machine learning and natural language processing. Richards was a key contributor to the company’s success which led to the acquisition by Waystar. Prior to Recondo, Richards held executive technology leadership positions at PatientPoint, Optum and United Health Group.