Vehlo to acquire Rapid Recon and Velocity Automotive.

Vehlo, a software and financial solutions provider, agreed to acquire Rapid Recon, a software company, and Velocity Automotive, a software solutions provider. Financial terms were not disclosed. "The addition of Rapid Recon and Velocity to our portfolio allows us to connect the service department to its best customer: the pre-owned department. Rapid Recon adds the reconditioning solution that invented the software category, while Velocity Automotive gives us a digital merchandising solution that connects those reconditioning investments to the sales process. These companies also align with our mission to build a suite of tools that deliver a clear return on investment for our dealers, with features that their customers love, and powered by passionate employees, " Michelle Fische, Vehlo CEO.