M&A Deal Summary

DealerTrack Digital Services Acquires Global Fax

On May 4, 2006, DealerTrack Digital Services acquired software company Global Fax for 24M USD

Acquisition Highlights
  • This is DealerTrack Digital Services’ 1st transaction in the Software sector.
  • This is DealerTrack Digital Services’ largest (disclosed) transaction.
  • This is DealerTrack Digital Services’ 1st transaction in the United States.
  • This is DealerTrack Digital Services’ 1st transaction in Michigan.

M&A Deal Summary

Date 2006-05-04
Target Global Fax
Sector Software
Buyer(s) DealerTrack Digital Services
Deal Type Add-on Acquisition
Deal Value 24M USD

Target

Global Fax

Warren, Michigan, United States
Global Fax is a provider of outsourced document scanning, storage, data entry, and retrieval services for approximately 20 national automotive financing customers. Its business began by processing faxed credit applications and has evolved to predominantly processing automotive retail contracts and all of their related documents.

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Buyer(S) 1

Buyer

DealerTrack Digital Services

Delaware, United States

Category Company
Sector Software
DESCRIPTION

DealerTrack Digital Services, Inc. offers software services.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1