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M&A Deal Summary

DealerSocket Acquires Auto/Mate

On January 6, 2020, DealerSocket acquired software company Auto/Mate from CDK Global

Acquisition Highlights
  • This is DealerSocket’s 2nd transaction in the Software sector.
  • This is DealerSocket’s 6th transaction in the United States.
  • This is DealerSocket’s 1st transaction in New York.

M&A Deal Summary
Date 2020-01-06
Target Auto/Mate
Sector Software
Buyer(s) DealerSocket
Sellers(s) CDK Global
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

DealerSocket

Irving, Texas, United States
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 6 of 6
Sector: Software M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-20 Dealertrack - Inventory+

United States

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

Buy $55M

Seller(S) 1

SELLER

CDK Global

Hoffman Estates, Illinois, United States
Category Company
Founded 2014
Sector Information Technology
Employees9,000
Revenue 1.7B USD (2021)
DESCRIPTION

CDK Global is a provider of integrated information technology and digital marketing solutions to the automotive retail industry. CDK Global was established in 2014 and is based in Hoffman Estates, Illinois.

DEAL STATS #
Overall 3 of 5
Sector: Software M&A 1 of 2
Type: Divestiture M&A Deals 3 of 5
State: New York M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2020 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 ELEAD1ONE

Valdosta, Georgia, United States

Data Software Services LLC is a provider of fully integrated CRM software solutions to automotive dealers, serving approximately 4,000 dealerships across North America. The ELEAD1ONE platform delivers a comprehensively featured customer experience through its solution suite by combining Sales, Marketing, Contact Center, and Service1One capabilities into a single dashboard.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-20 CDK Global - Digital Marketing Business

Hoffman Estates, Illinois, United States

CDK Global's Digital Marketing Business provides proprietary websites and advertising technology to drive more than 83 million monthly unique visitors across a multitiered automotive landscape.

Sell -
Mergr

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