Mon, 05 Jul 2021 | BUSINESS SALE
Automotive software and digital services provider Click Dealer has been acquired by Chesterfield-based motor finance broker and technology provider Evolution Funding Group.
The strategic acquisition of the Stoke-on-Trent based firm will help to boost Evolution's technology, digital capabilities and SaaS (software as a service), the company stated.
According to a spokesperson from Click Dealer, as part of the deal the firm will continue to service 1,550 dealerships. However, it will reportedly remain a separate legal entity within the Evolution Funding Group.
Commenting on the acquisition, Gerry Moxham, founder of Click Dealer, stated that the company is pleased to be embarking upon the next stage of the company's journey as part of the successful Evolution Funding Group.
"This strategic decision to integrate with Evolution puts us in a great position to support dealers now, and in the future, as a true performance partner," he said.
"We look forward to working with the team at Evolution in delivering new innovations and integrated digital and financial solutions for dealerships across the UK."
Lee Streets, chief executive at Evolution, said: "We are acquiring a highly-regarded data-driven, end-to-end, automotive software provider.
"They have a fantastic reputation in the market and there are many similarities with our own company culture – it’s a great fit," he added. "The acquisition of Click, with its market-leading platform, will help accelerate our ability to deliver this, whilst also supporting our objective of brokering £1 billion of motor finance in the UK."
Click Dealer was formed in 1999 and has grown into one of the industry's leading automotive software businesses, providing web hosting, dealer management systems and associated digital solutions for independent motor retailers.
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