M&A Deal Summary

Openlane Acquires Clearplan

On November 13, 2018, Openlane acquired software company Clearplan

Acquisition Highlights
  • This is Openlane’s 4th transaction in the Software sector.
  • This is Openlane’s 9th transaction in the United States.
  • This is Openlane’s 1st transaction in Nevada.

M&A Deal Summary
Date 2018-11-13
Target Clearplan
Sector Software
Buyer(s) Openlane
Deal Type Add-on Acquisition

Target

Clearplan

Sparks, Nevada, United States
Clearplan, Inc. is a digital platform that provides recovery agents, drivers, forwarders and automotive lenders a centralized, mobile, cloud-based hub for repossession workflow and logistics management. Clearplan, Inc. was founded in 2014 and is based in Sparks, Nevada.

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Buyer(S) 1

Buyer

Openlane

Carmel, Indiana, United States
Category Company
Founded 2006
Sector Business Services
Employees3,960
Revenue 1.6B USD (2023)
DESCRIPTION

Openlane provides sellers and buyers across the global wholesale used-vehicle industry with innovative, technology-driven remarketing solutions. Openlane’s unique end-to-end platform supports whole car, financing, logistics, and other ancillary and related services. Its integrated physical, online and mobile marketplaces reduce risk, improve transparency, and streamline transactions for customers in more than 80 countries. Openlane was formed in 2006 and is headquartered in Carmel, Indiana.

DEAL STATS #
Overall 12 of 17
Sector (Software) 4 of 4
Type (Add-on Acquisition) 9 of 13
State (Nevada) 1 of 1
Country (United States) 9 of 12
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-07 STRATIM

San Francisco, California, United States

STRATIM is a provider of mobility and fleet management software company founded in 2016 by a team of technology innovators from Google, eBay and Trulia with decades of experience building platform and infrastructure technology. STRATIM’s software utilizes real-time data and predictive analytics to digitize fleet management and help mobility service providers streamline operations. Fleet owners can onboard, manage, service, dispatch and pay all their current vendors through STRATIM’s automated vendor management platform.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-28 CarsOnTheWeb

Tienen, Belgium

Ecadis NV is an online auction company serving the wholesale vehicle sector in Continental Europe that seamlessly connects OEMs, fleet owners, wholesalers, and dealers. Ecadis is based in Tienen, Belgium.

Buy €91M
Mergr

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