DealerTrack Acquires Ford of Canada’s DMS Business
DealerTrack said it will acquire Ford of Canada’s iCONNECT Direct DMS business, a transaction that’s expected to close in the fourth quarter.
LAKE SUCCESS, N.Y. — DealerTrack today announced that DealerTrack Canada will acquire the assets of Ford Motor Co. of Canada’s iCONNECT Direct DMS business.
As part of the agreement, DealerTrack will assume control and own the administrative, sales, and support operations of Ford’s iCONNECT Direct DMS in the Canadian provinces. Ford of Canada will continue to provide non-DMS-related help desk support, hardware procurement services, and infrastructure expertise to its dealers.
The DealerTrack/Ford of Canada relationship began in 2008 when the companies announced they would offer a full-featured, web-based DMS using white-labeled DealerTrack software. Currently, that solution is widely available to Ford of Canada dealers across the country. Under the terms of this new transaction, DealerTrack and Ford of Canada will continue to collaborate, post-close, to ensure a seamless transition for the dealers.
“This agreement represents a firm commitment by DealerTrack to the Canadian market, and to our continuing relationship with and support of Ford of Canada,” said Michael Collins, vice president and general manager of DealerTrack Canada. “We are increasingly confident in our ability to grow our DMS footprint in this important market for years to come.”
The transaction is expected to close in the fourth quarter, and is not expected to have a material impact on DealerTrack’s recurring, monthly subscription revenue.
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