TORONTO – Dye & Durham Ltd. says it has signed a deal to sell Credas Technologies Ltd. to SmartSearch, a provider of anti-money laundering software in the United Kingdom.
The software company says it will receive gross proceeds of about 77.8 million pounds or about C$146.3 million that it will use to repay debt and strengthen its balance sheet.
Credas is a U.K.-based provider of digital identity verification services.
As part of the deal, Dye & Durham has signed an agreement with Credas and SmartSearch to ensure a continuity of service for the company’s practice management and data insights customers in the U.K.
Dye & Durham chief executive George Tsivin says while Credas is a valuable business, it is not core to the company’s product offerings.
The sale comes as the company continues a review of strategic alternatives.
This report by The Canadian Press was first published Oct. 7, 2025.
Companies in this story: (TSX:DND)
