M&A Deal Summary

Dealertrack Acquires Chrome Systems

On May 11, 2005, Dealertrack acquired software company Chrome Systems

Acquisition Highlights
  • This is Dealertrack’s 2nd transaction in the Software sector.
  • This is Dealertrack’s 2nd transaction in the United States.
  • This is Dealertrack’s 1st transaction in Oregon.

M&A Deal Summary
Date 2005-05-11
Target Chrome Systems
Sector Software
Buyer(s) Dealertrack
Deal Type Add-on Acquisition

Target

Chrome Systems

Portland, Oregon, United States
Chrome Systems, based in Portland, Oregon, is a provider of vehicle configuration data and related software to the automotive retail industry.

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Buyer(S) 1

Buyer

Dealertrack

Lake Success, New York, United States
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 3 of 24
Sector (Software) 2 of 16
Type (Add-on Acquisition) 2 of 22
State (Oregon) 1 of 1
Country (United States) 2 of 19
Year (2005) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-05 dealerAccess Canada

Mississauga, Ontario, Canada

dealerAccess Canada is a technology solution provider to the automotive finance sector in Canada. Its portal enables dealers to connect through the internet to multiple lending institutions that provide loans and leases to buyers at the point-of-sale. dealerAccess currently offers financing from 24 national and regional lenders.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-26 ALG

Santa Barbara, California, United States

ALG has been helping automotive manufacturers, financial institutions, and fleet companies increase profitability, reduce risk, and gain overall market intelligence with specializing in automotive residual values, analytical data products, and hands-on, pragmatic business consultation. ALG excels in providing: 1) Residual value and depreciation forecasting, 2) Consulting services for manufacturers, financial institutions, and fleet companies, 3) Lease and loan portfolio risk analysis and securitization valuations, 4) Data analysis products, 5) Custom modeling tools for residual values and remarketing. ALG was formed in 1964 and is based in Santa Barbara, California.

Buy -
Mergr

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