Equipment finance industry technology companies Syndifi and Tamarack Technology have entered a strategic partnership to support capital market teams in the industry. The companies plan to integrate the Syndifi platform with Tamarack’s SyndicationBuilder, develop product enhancements and pursue customer applications.

“Higher interest rates and a pullback from equipment finance by banks have increased the need to syndicate pools of deals to fund growth,” Scott Nelson, president and chief technology officer at Tamarack, said. “Like Tamarack, Syndifi recognizes the opportunity data presents to accelerate and expand capital market team efforts. We are excited to partner with Syndifi to advance customers’ business goals through the integration of our two platforms.”

Designed to address the needs of capital market teams, the Syndifi platform and Tamarack’s SyndicationBuilder work in tandem to enhance the syndication process by eliminating time-consuming and labor-intensive activities.

“Syndifi is positioned at the center of an exciting technological transformation occurring in our industry. By joining forces with Tamarack, we will deliver a more seamless tech ecosystem that will better enable our clients and the entire Syndifi user community to syndicate smarter,” Alistair Canal, president of Syndifi, said. “We couldn’t have designed a better strategic alliance and consider it a privilege to partner with Tamarack.”