Announced
Completed
Financials
Tags
United States
Domestic
Acquisition
automotive software
Majority
Friendly
Single Bidder
Private
Completed
Software
Synopsis
JD Power, a data analytics and consumer intelligence company, completed the acquisition of the finance and insurance menu and reporting software business of Tail Light, an automotive software company. Financial terms were not disclosed. “The pace of digital transformation in auto dealerships has been staggering, and the F&I department has been leading that charge with growing demand for digital menu solutions that clearly and consistently display financing details and special offers to consumers whether they are in the showroom or buying online. Similarly, demand has grown for analytics and reporting solutions that allow dealers to optimize their F&I offerings. By augmenting our rapidly growing suite of dealer-focused F&I solutions with Tail Light’s F&I technology and resources, we are solidifying our role as an end-to-end data analytics and software solutions provider to all facets of the automobile industry,” Phil Battista, JD Power President.
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