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Somehow I missed this news last week.DealerSocket will be acquired by Solera, Inc. Terms of the deal were not disclosed. The deal is expected to close in the second quarter pending approval.Solera also plans to acquire Omnitracs, a fleet management software.All three companies are portfolio companies of private equity firm Vista Equity Partners. Vista bought a stake in DealerSocket in 2014, and Omnitracs in 2013, while a separate Vista fund took Solera private in 2016.Last year, DealerSocket acquired franchised DMS provider Auto/Mate for an undisclosed price. The combined companies have more than 9,000 dealership customers.Solera to Acquire Omnitracs and DealerSocketFull Press Release
Somehow I missed this news last week.
DealerSocket will be acquired by Solera, Inc. Terms of the deal were not disclosed. The deal is expected to close in the second quarter pending approval.
Solera also plans to acquire Omnitracs, a fleet management software.
All three companies are portfolio companies of private equity firm Vista Equity Partners. Vista bought a stake in DealerSocket in 2014, and Omnitracs in 2013, while a separate Vista fund took Solera private in 2016.
Last year, DealerSocket acquired franchised DMS provider Auto/Mate for an undisclosed price. The combined companies have more than 9,000 dealership customers.
Full Press Release
