Tenzing-backed CitNOW completed the acquisition of Dealerweb.

Tenzing-backed CitNOW, a global provider of sales conversion software for car dealerships, completed the acquisition of Dealerweb, a provider of sales and lead management software for car dealerships. Financial terms were not disclosed. “We’re thrilled to have supported CitNOW with this acquisition. The two companies are highly complementary, with best-in-class products, attractive client bases and strong OEM relationships, all underpinned by a focus on innovation. We’re excited to build on the strong sales momentum across the Group with this important step in CitNOW’s growth story," Christian Hamilton, Tenzing Co-Founder and Managing Partner.