autodata solutions acquired

"We look forward to leveraging Thoma Bravo's expertise investing in leading software and technology companies to help drive the company's next phase of growth.". Internet Brands, a portfolio company of KKR, has agreed to sell its Autodata Solutions Group to Thoma Bravo. Power at close to $1.9 billion, including debt, citing people familiar with the matter. The Autodata Solutions Group serves the global automotive industry with versatile data, technology and marketing solutions. View original content to download multimedia:http://www.prnewswire.com/news-releases/internet-brands-autodata-solutions-to-be-acquired-by-thoma-bravo-300840561.html, http://www.prnewswire.com/news-releases/internet-brands-autodata-solutions-to-be-acquired-by-thoma-bravo-300840561.html. Following the transaction, the Autodata Solutions management team will remain intact and will continue to operate from its headquarters in London, Ontario, Canada and Troy, Michigan, with offices in Portland, Oregon, Minneapolis, Minnesota, and Calgary, Alberta, Canada. Power, based in Costa Mesa, California, was sold to XIO Group by McGraw Hill Financial in 2016 for $1.1 billion. ", "As technological innovation drives massive change within the automotive industry, we believe Autodata Solutions Group is well positioned to be at the forefront of that future," said Scott Crabill, a Managing Partner at Thoma Bravo. For more information, visit www.thomabravo.com. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Autodata Solutions provides SaaS and software solutions that range from back-end automation systems that enable dealer-to-original equipment manufacturer (OEM) vehicle ordering to data-driven consumer-focused interactive marketing initiatives. Autodata Solutions, along with its Chrome Data and UnityWorks brands, serves the automotive industry with software and SaaS solutions that … Power, a press release said Monday. We have grown rapidly over three decades and all the while serving the most prestigious brands and partners in the automotive industry.”, “I’d like to thank Internet Brands for their support over the past 20 years,” added Jennings. Autodata Solutions, along with its Chrome Data and UnityWorks brands, serves the automotive industry with software and SaaS solutions that increase the effectiveness of the automotive sales chain. Terms of the transaction were not made public, and the closing is expected to be completed within the coming weeks, subject to customary closing conditions. LOS ANGELES -- A U.S. private equity firm that recently acquired Autodata Solutions Group has now reached an agreement to buy J.D. For more information, visit www.thomabravo.com. ISSN 2576-1072 (online), How Bob Brockman emerged as a top power player in auto retailing, Used-vehicle demand boosts values on repos, Nissan prices retooled Rogue from $26,745, Sponsored Content: Reimagining the Road to the Sale. J.D. Equity firm Thoma Bravo, with offices in San Francisco and Chicago, said late Tuesday that it expects the transaction to acquire J.D. In the Tuesday statement, J.D. "I'm thrilled to be leading Autodata Solutions as we begin our new partnership with Thoma Bravo," said Craig Jennings, President of Autodata Solutions. For more information, see our Privacy Policy. “I’m thrilled to be leading Autodata Solutions as we begin our new partnership with Thoma Bravo,” said Craig Jennings, President of Autodata Solutions. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. J.D. Representative past and present portfolio companies include industry leaders such as ABC Financial, Blue Coat Systems, Deltek, Digital Insight, Frontline Education, Global Healthcare Exchange, Hyland Software, Imprivata, iPipeline, PowerPlan, Qlik, Riverbed, SailPoint, SolarWinds, SonicWall, Sparta Systems, TravelClick and Veracode. 48207-2997, Automotive News By admin | April 30th, 2019 | Categories: Press Releases | Comments Off on Internet Brands’ Autodata Solutions to Be Acquired by Thoma Bravo. Power led by private equity firm Thoma Bravo, which owns Autodata. Internet Brands Apr 30, 2019, 09:00 ET. Financial details were not disclosed. LOS ANGELES, April 30, 2019 /PRNewswire/ -- MH Sub I, LLC dba Internet Brands, a KKR portfolio company, today announced that it has reached an agreement with Thoma Bravo, LLC, a leading private equity investment firm, under which Thoma Bravo will acquire Internet Brands' Autodata Solutions Group. Autodata Solutions, along with its Chrome Data and UnityWorks brands, serves the automotive industry with software and SaaS solutions that increase the effectiveness of the automotive sales chain. September 29, 2020 | The beginning of the end for gasoline-powered vehicles? J.D. "I'm thrilled to be leading Autodata Solutions as we begin our new partnership with Thoma Bravo," said Craig Jennings, President of Autodata Solutions. Tim joined Autodata Solutions via the acquisition of UnityWorks where his role was Chief Operations/Financial Officer. Choose your news – we will deliver. For more information, visit www.internetbrands.com. Power said it has completed its merger with Autodata Solutions Group as part of the acquisition of J.D. About Thoma Bravo, LLCThoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. Founded in 1990, the company is headquartered in London, Ontario, Canada and has offices in Troy Michigan, Portland, Oregon and Minneapolis, Minnesota. Terms were not disclosed. Internet Brands' Autodata Solutions to Be Acquired by Thoma Bravo LOS ANGELES , April 30, 2019 /PRNewswire/ -- MH Sub I, LLC dba Internet Brands, a KKR portfolio company, today announced that it has reached an agreement with Thoma Bravo, LLC, a leading private equity investment firm, under which Thoma Bravo will acquire Internet Brands' Autodata Solutions Group. Cision Distribution 888-776-0942 Read the press release on the Internet Brands website here. "Our operational knowledge within the software industry and ability to leverage resources can only enhance the company's unique data-driven solutions and interactive marketing initiatives.". Founded in 1996, Automotive News Europe is the preferred information source for decision-makers and opinion leaders operating in Europe. ", "Over the last five years, we have worked with the Internet Brands and Autodata Solutions management teams to build a leading automotive software and market services platform by maintaining Autodata's product edge through organic and inorganic investments," said KKR Members Herald Chen and John Park. Have an opinion about this story? But Reuters had reported in May that the seller, China-backed equity firm XIO Group, was looking to value J.D. "Our operational knowledge within the software industry and ability to leverage resources can only enhance the company's unique data-driven solutions and interactive marketing initiatives.". For more information, visit www.internetbrands.com. ", "As technological innovation drives massive change within the automotive industry, we believe Autodata Solutions Group is well positioned to be at the forefront of that future," said Scott Crabill, a Managing Partner at Thoma Bravo. Power's deep data, analytics and customer experience insights with Autodata Solutions' comprehensive vehicle feature data and dealer and manufacturer technology platforms will create a robust and insightful automotive industry resource for analyzing consumer demand and optimizing the vehicle sales process," Dave Habiger, who will continue as CEO of J.D. J.D. Facebook Twitter Linkedin Reddit Tumblr Google+ Pinterest Vk Email. Terms of the transaction were not made public, and the closing is expected to be completed within the coming weeks, subject to customary closing conditions. … J.D. Financing for the transaction is being provided by RBC Capital Markets and KKR Capital Markets LLC. For more information, visit www.autodata.net. A, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American.

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