2017 Mid-Year Auto Retail Vendor M&A Report

2017 Mid-Year Auto Retail Vendor M&A Report

August 17, 2017 — Following a first quarter with only one announced acquisition, the second quarter ended with eight acquisitions, two public offerings and three investments, bringing the mid-year total to 13 deals in the automotive retail vendor space. The rebound puts 2017 on a similar pace with 2016 which saw 31 total deals. Much of…

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Cliff Banks - The Banks Report

Court Stays Injunction for Reynolds & CDK; Expedites Appeals Process — Why It’s Important

August 9, 2017 —  After seemingly being dominated in the early stages in the antitrust lawsuit filed by Authenticom in May, Reynolds and Reynolds and CDK Global have clawed back to what can be described as a tie. The Seventh District Court of Appeals yesterday granted the two technology firms a stay of the preliminary…

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A Stay of Injunction & a FTC Investigation

A Stay of Injunction & a FTC Investigation

August 1, 2017 — Good news and bad news today on the antitrust front for CDK Global and Reynolds Reynolds. First, in the lawsuit filed by Authenticom, Judge James Peterson of the Wisconsin district court issued a temporary seven-day stay this afternoon of the preliminary injunction he granted Authenticom on Friday to give the appeals…

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injunction Order in Antitrust Trial is a Victory for Authenticom but the Devil is in the Details

injunction Order in Antitrust Trial is a Victory for Authenticom but the Devil is in the Details

July 30, 2017 — It is only a preliminary injunction, but the order issued by Judge James Peterson on Friday in the antitrust lawsuit pitting Authenticom against defendants Reynolds and Reynolds and CDK Global appears to have handed the plaintiff a significant victory. Authenticom is calling it a “stunning victory.” The order does grant Authenticom…

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Authenticom Wins Preliminary Injunction in Reynolds, CDK Antitrust Lawsuit – What Does It Mean?

Authenticom Wins Preliminary Injunction in Reynolds, CDK Antitrust Lawsuit – What Does It Mean?

July 14, 2017 — BREAKING NEWS — Authenticom today won its request for an emergency preliminary injunction forcing Reynolds and Reynolds and CDK Global to allow it access to their dealer management systems during the course of the antitrust litigation. Authenticom sued Reynolds and CDK in May alleging the two technology firms engaged in antitrust…

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CDK’s Acquisition of AutoMate – Bold Move for Investors; for Dealers, Jury is Still Out

CDK’s Acquisition of AutoMate – Bold Move for Investors; for Dealers, Jury is Still Out

June 4, 2017 — CDK Global’s pending acquisition of competitor Auto/Mate is a brilliant deal that should make investors happy. With only 1,300 or so dealerships in play and a price tag that won’t dent the bottom line (although Auto/Mate will get a nice multiple) it isn’t that big of a deal on the surface.…

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Experian Automotive Acquires Data Firm String Automotive

Experian Automotive Acquires Data Firm String Automotive

May 23, 2017 — We’re still waiting the official announcement, but sources have confirmed Experian Automotive will announce in the near future that it has acquired String Automotive, a 12 year-old data analytics firm based in Newton, MA. The acquisition cements a relationship that began in 2014 when Experian Automotive’s Auto Market DNA℠ demographic and behavioral information’s… Continue Reading

Authenticom Asks for Preliminary Injunction; Lands Big Time Expert Witness in Antitrust Suit Against Reynolds, CDK

Authenticom Asks for Preliminary Injunction; Lands Big Time Expert Witness in Antitrust Suit Against Reynolds, CDK

May 19, 2017 — Late yesterday afternoon, data services provider Authenticom filed a motion in its antitrust lawsuit against Reynolds and Reynolds and CDK Global, seeking a preliminary injunction. TBR wrote about the pending request last week. The lawsuit alleges the dealer management system providers conspired in 2015 to force Authenticom and other data integration competitors out of… Continue Reading