M&A Deal Summary

DealerSocket Acquires Dealertrack - Inventory+

On August 20, 2015, DealerSocket acquired information technology company Dealertrack - Inventory+ from Dealertrack for 55M USD

Acquisition Highlights
  • This is DealerSocket’s 1st transaction in the Information Technology sector.
  • This is DealerSocket’s largest (disclosed) transaction.
  • This is DealerSocket’s 5th transaction in the United States.

M&A Deal Summary
Date 2015-08-20
Target Dealertrack - Inventory+
Sector Information Technology
Buyer(s) DealerSocket
Sellers(s) Dealertrack
Deal Type Divestiture
Deal Value 55M USD

Target

Dealertrack - Inventory+

United States
Dealertrack - Inventory+ is a provider of IT solutions for inventory management process.

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Buyer(S) 1

Buyer

DealerSocket

Irving, Texas, United States

website

Category Company
Founded 2001
Sector Internet Software and Services
DESCRIPTION

DealerSocket is a provider of SaaS enterprise relationship management solutions for the retail and independent automotive industries. DealerSocket’s platform enables dealerships’ marketing, sales and automotive service departments to operate more effectively by helping them identify and track actionable sales leads, engage these leads through a number of channels, and streamline the sale, lease and service booking process. DealerSocket supports over 140,000 active users at more than 3,500 dealerships around the world. DealerSocket was founded in 2001 and is based in Irving, Texas.

DEAL STATS #
Overall 5 of 6
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 2
Country (United States) 5 of 6
Year (2015) 4 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-05 AutoStar Solutions

Fort Worth, Texas, United States

AutoStar Solutions, Inc. is a provider of dealer management software solutions to independent automotive dealers and subprime finance companies in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 Auto/Mate

Albany, New York, United States

Auto/Mate, Inc. is a provider of dealership management system (DMS) software to retail automotive dealerships, typically saving dealers thousands of dollars per month from their current provider. Our Automotive Management Productivity Suite (AMPS) is a user-friendly, feature-rich DMS in use by more than 1,200 auto dealers nationwide. Auto/Mate was founded in 2005 and is based in Albany, NY.

Buy -

Seller(S) 1

SELLER

Dealertrack

Lake Success, New York, United States

website

Category Company
Founded 2001
Sector Software
Employees2,500
Revenue 948M USD (2015)
DESCRIPTION

Dealertrack is a provider of digital solutions to the automotive retail industry. The company's cloud-based platform offers a suite of integrated tools and services that help dealerships streamline their operations, improve efficiency, and enhance the customer experience. Dealertrack's solutions cover the entire automotive sales and financing process, from inventory management and vehicle registration to credit application processing and digital retailing. Dealertrack was formed in 2001 and is based in Lake Success, New York.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Divestiture) 2 of 2
Country (United States) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-18 incadea

Munich, Germany

incadea plc is a provider of DMS software and services to the global automotive retail market. incadea is the provider of enterprise software solutions and services to the global automotive retail and wholesale market. With a proven industry focus and expertise, incadea is the vendor of choice for car manufacturers and their dealer networks around the world.

Buy £122M
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