California fintech acquires Draper's TazWorks

MeridianLink, a provider of cloud-based loan origination solutions for financial institutions, has acquired Draper’s TazWorks, a technology platform for consumer reporting agencies and the creator of TazWorks Software and TazCloud, a background screening platform for enterprise. MeridianLink is based in Costa Mesa, California, and markets its Mortgage Credit Link software platform.

“TazWorks is a leading provider of technology specifically designed to meet the needs of the background and tenant screening industry and has helped consumers throughout its history,” said Nicolaas Vlok, CEO of MeridianLink. “I believe that combining two technology innovators like TazWorks and MeridianLink will accelerate innovation and further technological advancements for clients.”

“For almost 20 years, our team has been committed to delighting our credit reporting agency clients with impactful technology and services, and we could not be more optimistic about the future of the company under MeridianLink’s leadership,” said Scott Kimball, CTO and co-founder of TazWorks. “The infusion of additional resources will enable accelerated development of our product roadmap and a more agile API to further the success of new and existing clients.”

“The game-changing innovations that will emerge as a result of these two industry-leading companies joining forces makes for one of the more exciting acquisitions we have seen in a long time,” said AJ Rohde, a partner at Thoma Bravo, the private equity firm that owns MeridianLink. “By leveraging our deep operational expertise in enterprise software to further transform CRA technology, we are eager to build upon the impressive foundation laid down by both MeridianLink and TazWorks.”

All TazWorks technology, products and support will be available under the MeridianLink suite of products.

Transaction terms were not disclosed.