M&A Deal Summary |
|
|---|---|
| Date | 2002-01-08 |
| Target | Webalg |
| Sector | Software |
| Buyer(s) | Dealertrack |
| Sellers(s) |
JPMorgan Chase
ALG |
| Deal Type | Divestiture |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 2001 |
| Sector | Software |
| Employees | 2,500 |
| Revenue | 948M USD (2015) |
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 | 1 of 24 |
| Sector: Software M&A | 1 of 16 |
| Type: Divestiture M&A Deals | 1 of 2 |
| State: California M&A | 1 of 2 |
| Country: United States M&A | 1 of 19 |
| Year: 2002 M&A | 1 of 1 |
| 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 | - |
| Category | Company |
|---|---|
| Founded | 1799 |
| Sector | Financial Services |
| Employees | 311,921 |
| Revenue | 177.4B USD (2024) |
JPMorgan Chase is a financial institution provides investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chase was founded in 1799 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 12 |
| Sector: Software M&A | 1 of 2 |
| Type: Divestiture M&A Deals | 1 of 7 |
| State: California M&A | 1 of 3 |
| Country: United States M&A | 1 of 10 |
| Year: 2002 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-01-01 |
Webalg
California, United States Webalg Inc. is an automotive finance software company. Webalg's flagship product that operates as a powerful lease comparison tool. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-01-14 |
Bank One
Chicago, Illinois, United States Bank One is a bank holding company, with assets of $290 billion. Bank One has more than 51 million credit cards issued, and serves nearly 7 million retail households and more than 20,000 middle market customers. It also manages $175 billion of clients' investment assets. Bank One is based in Chicago, Illinois. |
Buy | $58.0B |
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.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Software M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2002 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-01-01 |
Webalg
California, United States Webalg Inc. is an automotive finance software company. Webalg's flagship product that operates as a powerful lease comparison tool. |
Buy | - |
