MeridianLink, a Costa Mesa, California, provider of cloud-based software solutions for financial institutions, has acquired Draper-based TazWorks. TazWorks is a technology company that offers a turnkey background screening platform to organizations that provide those services, including its TazWorks Software and TazCloud screening platform.
“It is exciting to bring two leading technology innovators together to help organizations streamline their screening and credit reporting processes,” said Nicolaas Vlok, CEO of MeridianLink. “TazWorks forms the perfect complement to our Mortgage Credit Link business, enabling MeridianLink to provide the consumer reporting agency community with a better and more enriching experience.”
“We are confident the deep collective [consumer reporting agency] experience of our two amazing organizations, coupled with MeridianLink’s investment, will accelerate TazWorks’ product development and roadmap,” said Barton Taylor, CEO and founder of TazWorks. “This acquisition will allow increased innovation within screening technology and further development will provide a faster delivery of these products to the industry.”
The acquisition of TazWorks is expected to be finalized soon. Financial details were not disclosed.