Xcite Automotive Acquires CarsByText.com

Cars Commerce (Cars.com Inc.) Acquires DealerClub

January 23, 2025

Automotive

Cars Commerce (d/b/a Cars.com) acquired DealerClub, a dealer-to-dealer digital wholesale auction, for approximately $25 million in cash with up to $88 million of additional performance-based consideration. The deal, which closed January 23, 2025, expands Cars Commerce’s Trade & Appraisal strategy by adding transactional wholesale capabilities and access to a dealer-facing marketplace serving 650+ dealer customers.

Xcite Automotive Acquires Double4 AI

August 13, 2024

AI & Machine Learning

Xcite Automotive has acquired Double4 AI to integrate advanced computer-vision and image-processing AI into its Frontline inventory platform. The deal adds patented technology and an India development office (adding more than 70 developers), enabling Xcite to launch new AI-powered imaging, video and automated QA products for automotive dealers and OEM partners.

Xcite Automotive Acquires Pinnacle Automotive

April 18, 2024

Automotive

Xcite Automotive has acquired Pinnacle Automotive, including its Diamond Dealer Services and Diamond Digital PRO platforms, to expand its reconditioning, merchandising and inventory workflow capabilities. The Pinnacle assets will be integrated into Xcite's ReconLogic and Frontline platforms; Camden Partners (a Baltimore-based private equity firm) also joined Xcite's board as part of the announcement.

Automattic Acquires Texts.com

October 25, 2023

Software

Automattic has acquired Texts.com, a desktop-first messaging app that consolidates conversations from platforms like iMessage, WhatsApp, Telegram, Signal, LinkedIn, Slack and Discord into a single, encrypted inbox. The acquisition expands Automattic’s consumer product portfolio into messaging and adds AI features (message summarization, drafting, translation) while the Texts.com team works on a mobile rollout.

Capacity Acquires Textel

January 19, 2023

Cloud & SaaS

Capacity, an AI-powered support automation platform, acquired Textel, a cloud-based business texting platform, to add AI-enabled two-way SMS capabilities to its product suite. Textel will operate as a subsidiary and remain headquartered in St. Louis, with the terms of the transaction kept confidential.

Xcite Automotive Acquires Car Studio Pros

February 13, 2020

Marketing & Advertising

Xcite Automotive, a Chicago-based vehicle merchandising solutions provider, has acquired Denver-based Car Studio Pros to expand its dealership merchandising services and digital content capabilities. The acquisition adds Car Studio Pros' automated vehicle photography studios and proprietary software to Xcite's offerings, enabling higher-volume, VIN-specific interactive content for dealers, OEMs, auctions and rental companies.