Announced
Completed
Financials
Tags
Completed
dealer management systems
United States
Single Bidder
Software
Acquisition
Majority
Friendly
Private
Synopsis
DealerSocket, a provider of automotive software solutions, completed its acquisition of Auto/Mate, a provider of dealer management systems for automotive dealerships. Financial terms were not disclosed. "The combination of DealerSocket and Auto/Mate gives dealers a long-awaited and much-needed alternative for an integrated, connected platform of mission-critical software for dealerships. Auto/Mate has built a reputation as a transformative, fast-growing DMS with an unmatched commitment to customer service. As we look at our combined company, there are tremendous opportunities for innovation, while we maintain our strong focus on support. I am excited about this acquisition and what it represents for us, dealers, and the broader market,” Sejal Pietrzak, DealerSocket CEO and President.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.