Announced

Completed

Providence Strategic Growth-backed Imaweb completed the acquisition of TMS-Soft.

Synopsis

Providence Strategic Growth-backed Imaweb, an independent provider of customer relationship management solutions and dealership management systems for the automotive industry in Europe, completed the acquisition of TMS-Soft, a provider of digital car registration workflow software in France. Financial terms were not disclosed. “Our acquisition of TMS-Soft will enable us to offer clients a highly valuable add-on to their existing suite of Imaweb/IDF Group products, which are centered around our core CRM and DMS products. We will also be able to reach a broader base of customers – especially used-car dealerships – across all our markets. Today’s announcement is a testament of the momentum we have sustained since partnering with PSG, and we are optimistic about the road ahead. We are pleased to welcome the TMS-Soft team to our family and look forward to working together as we solidify our position as a leading European provider of CRM, DMS, and now digital workflow solutions for the automotive industry in Europe," Patrick Prajs, Imaweb CEO.

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