M&A Deal Summary

Vitu Acquires Cox Automotive s Dealertrack Registration and Titling Businesses

On November 25, 2024, Vitu acquired software company Cox Automotive s Dealertrack Registration and Titling Businesses from Cox Automotive

Acquisition Highlights
  • This is Vitu’s 1st transaction in the Software sector.
  • This is Vitu’s 4th transaction in the United States.
  • This is Vitu’s 1st transaction in Georgia.

M&A Deal Summary
Date 2024-11-25
Target Cox Automotive s Dealertrack Registration and Titling Businesses
Sector Software
Buyer(s) Vitu
Sellers(s) Cox Automotive
Deal Type Divestiture

Target

Cox Automotive s Dealertrack Registration and Titling Businesses

Atlanta, Georgia, United States
Cox Automotive's Dealertrack Registration and Titling Businesses offer comprehensive services through the Collateral Management Services (CMS) and Registration and Titling Solutions (RTS) platforms. CMS provides business outsourcing and a self-management platform for vehicle title administration, including Accelerated (expedited) Title services, which connect dealer and lender networks to expedite title releases during vehicle trade-in and loan payoff. Cox Automotive's Dealertrack Registration and Titling Businesses are based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Vitu

Agoura Hills, California, United States
Category Company
Sector Software
DESCRIPTION

Vitu is a provider of electronic vehicle registration software. Focused on developing innovative process management SaaS solutions, including electronic registration and titling (ERT) platforms, Vitu partners with state government agencies and businesses across the United States. Vitu is based in Agoura Hills, California.

DEAL STATS #
Overall 4 of 4
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Jupiter Tag & Title Services

Jupiter, Florida, United States

Jupiter Tag & Title Services is a provider of title and registration services. Jupiter Tag & Title Services is based in Jupiter, Florida.

Buy -

Seller(S) 1

SELLER

Cox Automotive

Atlanta, Georgia, United States
Category Company
Founded 1997
Sector Marketing
Employees3,300
DESCRIPTION
Cox Automotive's corporate headquarters in Atlanta, Georgia.
Cox Automotive's corporate headquarters in Atlanta, Georgia.

Cox Automotive is a provider of vehicle remarketing services and digital marketing and software solutions for consumers, dealers, manufacturers and the overall automotive industry.

DEAL STATS #
Overall 4 of 4
Sector (Software) 1 of 1
Type (Divestiture) 3 of 3
State (Georgia) 2 of 2
Country (United States) 3 of 3
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Cox Automotive - Express Recoveries Business

Atlanta, Georgia, United States

Cox Automotive's Express Recoveries Business connects lenders with providers and dealers to process product cancellation refunds, minimizing compliance risk and building consumer and dealer relationships. The solution facilitates a streamlined process flow, including initiating cancellations, determining refunds, obtaining recoveries on behalf of consumers and lenders, and helping to ensure adherence with mandates, which can vary by state.

Sell -
Mergr

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