Two Twin Cities-based companies that help banks and other entities manage their lease portfolios — IDS and Tamarack Technology — are teaming up to support the digital transformation of the equipment finance industry.

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Tamarack Technology, Inc., a leading provider of digital transformation services and solutions for equipment finance, has signed a strategic partnership agreement with IDS, a leading provider of mission-critical enterprise solutions for secured finance. The partnership will capitalize on the increasing demand for IDScloud and accelerate the migration of equipment finance firms to the leading end-to-end SaaS solution for equipment finance.

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St. Paul, Minn. (July 7, 2021) —Tamarack Technology, Inc., a leader in providing independent software solutions in the equipment finance and commercial lending industry, is proud to announce that its Chief Digital Officer Scott Nelson, PhD has been invited to join the advisory board for Faribault, Minn.-based Reliance Bank. In his role on the advisory board, Nelson will provide Reliance with guidance on adoption and advancement of digital technology.

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At Tamarack we love trees. Not just because they are part of our brand but because of what they represent – growth, stability and resilience. So, each year we make a point of celebrating Arbor Day. This year, we planted trees through a donation to the National Forest Foundation.

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Tamarack Technology, has expanded its product and service team with the addition of Tim Appleget as Director of Technology Services. An experienced equipment finance leader of technology and business operations teams, Appleget will be responsible for the development and implementation of Tamarack's technology services offerings around data, IoT and workflow automation.

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Tamarack Technology has been named to the Monitor’s 2021 list of “Innovative Companies." Selected by the publication’s editorial board and staff, Tamarack was recognized as a “Sustaining Innovator” for its commitment to continuous improvement through innovation and staying at the forefront of technology change.

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