Tamarack Pivots to Support Digital Transformation of Equipment Finance
New leadership team and strategy reflect commitment to the future of equipment finance.
Minneapolis (July 8, 2020) — Following the spin-off of its Salesforce.com products division on July 1, 2020, Tamarack Consulting, Inc. has announced its new leadership team that will support the company’s refocused business strategy centered around investment in digital technologies to provide greater value across the equipment finance industry.
“The spin-off of the origination systems division allowed us to pivot and refocus our energies on the integration of digital technologies to drive greater value from equipment finance operations,” said Daniel Nelson, Tamarack Founder and CEO. “I’ve added accomplished technology and corporate development executives to define and execute a strategy that will make Tamarack a leading digital transformation partner in the equipment finance industry.”
Under the direction of Nelson, the leadership team now includes Scott Nelson, PhD. as Chief Digital Officer (CDO) and Sid Overbey as Vice President of Corporate Development. Both are long-time technology industry veterans with expertise in using data, connectivity, and cloud-based solutions to build innovative solutions in multiple markets.
Tamarack is integrating real-time data into the lease accounting platforms to help lessors protect their investments and improve business performance. The leadership team is developing new offerings that lessors will be ideally positioned to bring to lessees looking to leverage IoT value propositions.
“At our core Tamarack is a technology company that understands equipment finance,” said Scott Nelson. “By expanding our relationships within the equipment finance ecosystem and combining them with those Sid and I bring from the IoT ecosystem, we will leverage operational data from equipment to create new value through digitization while reducing the risk of that transformation. We believe and are investing in the principle that access to capital brings opportunities with data and in turn the data protects capital.”
A key element of the new strategy is broadening Tamarack’s relationships in both the equipment finance and IoT ecosystems. Overbey has been tasked with developing partnerships within the equipment finance industry as well as expanding into those industries that are complementary with Tamarack’s technology and services.
“Tamarack has a reputation for integrity and always putting the customer first,” said Overbey. “I look forward to working with the talented Tamarack team creating new partnerships that pursue our mission and values. We are focused on growing the company through innovative new products and services, both internally developed and with our technology partners. Our ultimate goal is to provide greater value for new and existing Tamarack customers.”
About Tamarack Consulting, Inc.
Tamarack is a leading provider of independent software solutions and technology services supporting the equipment finance industry. With more than 20 years providing origination and portfolio management systems, and critical leasing functions such as lease accounting, sales tax compliance, insurance and UCC compliance. Tamarack provides integration and implementation services, as well as automation products for a number of leading industry portfolio management platforms. Headquartered in Minneapolis, Tamarack was recognized in the Inc. 5000 fastest growing companies in 2016, 2017, 2018, and 2019 and as one of Minneapolis/St. Paul Business Journal’s Fast50. For more information, please email firstname.lastname@example.org.