CitNOW Group Acquires Auto Imaging, AutoSLM and Dealerdesk

Livingbridge Acquires CitNOW Group from Tenzing

July 19, 2022

Software

Livingbridge has invested in CitNOW Group, a UK-based provider of front-office software for automotive dealerships, in a deal that sees Tenzing exit while materially reinvesting alongside the new investor. Tenzing generated a 9.6x return on its investment and a 74% IRR; Livingbridge said the investment will accelerate CitNOW's product roll-out, acquisitive growth in the UK and Europe, and further technology development.

CitNOW Acquires Quik.

May 26, 2021

Cloud & SaaS

U.K.-based CitNOW, backed by investment firm Tenzing, has acquired Quik., a Quincy, Massachusetts-based cloud SaaS provider of digital multi-point inspections, technician video, parts pricing and integrated payments for auto dealerships. The deal expands CitNOW’s U.S. footprint in the dealer after-sales market and will allow development of the Quik. after-sales platform for OEM and dealer group partners in the U.K. and Europe. Quik. CEO Jack Gardner is stepping down; COO Chad Deaver will remain and report to CitNOW CEO Alistair Horsburgh.

CitNOW Group Acquires Real Time Communications (RTC)

August 17, 2022

Software

CitNOW Group, backed by Livingbridge with reinvestment support from Tenzing, has acquired software provider Real Time Communications (RTC). The bolt-on expands CitNOW Group's product portfolio for franchised car dealerships, strengthening aftersales and lead management capabilities across its existing markets.

Imaweb Acquires Carswip

May 5, 2023

Software

Imaweb, a European provider of software solutions for the automotive industry, has acquired Carswip, a Danish SaaS provider of automotive remarketing and imaging solutions. The acquisition strengthens Imaweb's presence in the Nordics and enhances its product suite with Carswip's AI-driven photo capture and image-processing capabilities for dealers and OEM remarketing programs.

CarData Inc. Acquires AutoNetTools

December 19, 2023

Marketing & Advertising

CarData Inc. has acquired Michigan-based AutoNetTools to expand its automotive photography, videography and window sticker capabilities. The acquisition adds AutoNetTools' specialized merchandising and marketing services to CarData's existing suite of dealer-focused advertising products.

DealerBuilt Acquires iService Auto

September 7, 2023

Software

DealerBuilt, a provider of dealer management systems, has acquired iService Auto, a fixed-ops software provider for auto dealerships. The acquisition adds video MPI, scheduling, interactive quoting and other fixed-operations capabilities to DealerBuilt's integrated DMS platform to give customers a single solution across departments.