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TDX Group announces creation of TDX Industry Solutions
TDX today announced the formation of a new, independent, division which will provide products and services to participants of the debt industry. It will leverage data and technology to improve decision making, efficiency and service.
Andrea Davis is appointed Managing Director of TDX Industry Solutions.
TDX’s existing products and services developed for industry participants to be managed by TDX Industry Solutions with immediate effect.
Sawfish Software has been acquired by TDX and will join TDX Industry Solutions under the leadership of newly appointed Managing Director Craig White.
1st October 2012 – TDX today announced the formation of a new, independent, division which will provide products and services to participants of the debt industry. It will leverage data and technology to improve decision making, efficiency and service across the debt industry.
Led by newly appointed Managing Director Andrea Davis, who brings with her a wealth of product and operational delivery expertise having held business leadership positions most recently with Fellowes, the division will operate independently from TDX existing businesses. Andrea will report directly into Mark Sanders, CEO.
With immediate effect, TDX products and services that have been developed for industry suppliers including Insolvency Practitioners, Debt Management Companies and Debt Collection Agencies will be transferred to this division.
Sawfish Software – the UK’s leading supplier of workflow management software for Insolvency Practitioners and Debt Management Companies – has been acquired by TDX to join the division with immediate effect. Craig White, appointed as Managing Director of Sawfish Software, will lead this business which will continue to be based in York.
Mark Sanders, TDX Group CEO, commented: “We have ambitious growth plans for TDX and our partners are increasingly telling us they would like to leverage the insight, data and technology we can bring to bear. With our intermediary position we believe we are well placed to help companies across the debt industry and we’ve established TDX Industry Solutions so that we can independently focus on their requirements.
“To be able to start this journey with Andrea Davis as Managing Director, and the addition of Sawfish Software to the division with its proven case management and workflow technology, demonstrates our commitment and focus on the needs of wider industry participants.”
Andrea Davis, Managing Director, commented: “I am delighted to have the opportunity to build and shape this new division as well as to welcome Sawfish as a critical part of that journey. Over the coming months, I look forward to listening to how we can support a new group of clients and launching new products and services to better serve the industry”.
Craig White, Managing Director, Sawfish Software commented: “This truly marks the start of an exciting phase for Sawfish. With a new parent company and additional investment we are able to move forward with our exciting plans to work in partnership with both existing and potential clients as we increase and enhance our product range – building on the strengths already established by the Sawfish team and our market-leading DebtFlow solution.”
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ABOUT TDX GROUP
TDX http://www.tdxgroup.com is a data-driven business which provides banking, utility and Government creditors with Platforms, Tools and Services to optimise returns from their debt portfolios. TDX’s UK-hosted platforms for debt collection, insolvency management and debt sale are utilised by European and South American clients looking for high quality, robust and compliant solutions.
With £7 billion of debt under management and data from over 200 client portfolios TDX is well-established and renowned for delivering uplifted performance for clients. In 2008, Investcorp Technology Partners acquired a substantial minority position from TDX's founders.
Andrea Davis joins from Fellowes (a privately owned US manufacturing company with global revenues of over €750m and EMEA revenues of €150m). At Fellowes she held the role of CEO of their EMEA region where after a history of losses she turned round the business to deliver 5 consecutive years of profitability. Prior to that, Andrea has experience in both finance and technology businesses as well as an MBA from London Business School.
Craig White has a strong financial services background in both creditor and supplier organisations, having worked at GE, Barclays and most recently Capita. Craig will be supporting Andrea in both developing and running the TDX Industry Solutions business.
Founded in 2000 and re-launched as Sawfish Software in 2004, Sawfish Software has evolved into the next generation provider of technology for automating and streamlining business practices. It is based in York and has 30 employees.