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M&A Deal Summary

Audatex North America Acquires See Progress

On September 7, 2011, Audatex North America acquired software company See Progress

Acquisition Highlights
  • This is Audatex North America’s 2nd transaction in the Software sector.
  • This is Audatex North America’s 2nd transaction in the United States.
  • This is Audatex North America’s 1st transaction in Michigan.

M&A Deal Summary
Date 2011-09-07
Target See Progress
Sector Software
Buyer(s) Audatex North America
Deal Type Add-on Acquisition

Target

See Progress

Ann Arbor, Michigan, United States
See Progress, Inc., a provider of vehicle repair status software applications. Collision repair shops use See Progress's AutoWatch application to capture and transmit real-time text and photo-based vehicle repair status to insurers and vehicle owners that can reduce call-handling costs, increase throughput and enhance customer satisfaction and retention.

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Buyer(S) 1

Buyer

Audatex North America

San Diego, California, United States
Category Company
Sector Software
DESCRIPTION

Audatex North America, Inc. is a global claims solutions provider serving the automotive industry. Active today across six continents, Audatex provides world-class claims solutions that help customers automate their processes; managing millions of claims each year efficiently and effectively, and resolving billions in claims settlements. Beyond a leading presence in automotive claims, our growing footprint also extends into the automotive related financial services and medical claims solutions markets.

DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Michigan M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-02 New Era Software

Farmington, Utah, United States

New Era Software LLC is a U.S.-based provider of body shop management systems. NewEra’s expertise coupled with Audatex’s distribution capabilities will provide our 12,000+ collision repair customers in North America with an integrated management solution that controls the vital operational elements of the collision repair process.

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