Accel-KKR-backed Vitu to acquire the Dealertrack Registration and Titling businesses from Cox Automotive.

Accel-KKR-backed Vitu, an innovator in Vehicle-to-Government technology, agreed to acquire the Dealertrack Registration and Titling businesses from Cox Automotive, a system software company. Financial terms were not disclosed. "The Vitu vision is to drive the digital future of titling and registration. By bringing together the expertise, experience, and strengths of the Dealertrack and Vitu teams, we will enhance our ability to better serve dealers, lenders and governments today and pave the way for the digital titling and registration ecosystem of tomorrow," Don Armstrong, Vitu CEO.