IAA Inc. has acquired DDI Technology for approximately $17 million.

DDI is an electronic lien and title technology firm directly integrated with over 5,370 financial institutions as well as DMVs in 25 states. The firm’s Premier Solutions suite of technology solutions are focused on several key areas of the title and lien release management including electronic vehicle registration, electronic lien and title processing, and electronic lien payoff.

DDI is located in Lexington, SC. The company will operate as a wholly-owned subsidiary of IAA and will retain its current headquarters, employee base and management team members.

The organization will report through Tim O’Day, IAA’s president of U.S. operations.

The purchase price could increase by an additional $4.1 million over three years, contingent on certain terms, conditions and the achievement of various performance targets. Revenue for DDI was approximately $8.3 million in the last twelve months.