Portico Capital is pleased to announce that Reynolds & Reynolds has completed its acquisition of Auto Data Direct, a leading provider of vehicle inquiry solutions, including real-time access to DMV data and reporting tools for compliance-mandated vehicle information. Portico Capital served as the exclusive financial advisor to Auto Data Direct on its sale.
About Auto Data Direct
Since the company’s founding in 1999, Auto Data Direct has become a leading provider of vehicle inquiry solutions in the United States. The company serves a diversified customer base comprised of over 12,000 insurance companies, towing businesses, automotive dealerships, financing companies, and junk & salvage businesses. The company’s comprehensive suite of innovative, cloud-based solutions includes a cloud-based portal for real-time DMV data access, a technology platform for automating and streamlining towing notifications, a tool for reporting federally-mandated end-of-life vehicle information, and an integrated, electronic registration platform. For more information, please visit www.add123.com.
About Reynolds & Reynolds
Reynolds & Reynolds is a leading provider of software and services for car dealerships and manufacturers in the U.S., Canada, and Europe. The company offers the industry’s only Retail Management System, which combines a choice of dealership management systems with integrated retailing tools, streamlining dealership operations and improving customer satisfaction. Reynolds & Reynolds also manufactures and distributes business forms and promotional items, helping dealers reduce compliance risk, brand their dealerships, increase efficiency, and simplify administrative processes. Founded in 1866, Reynolds & Reynolds is headquartered in Dayton, Ohio, and staffed with over 4,300 associates worldwide. For more information, please visit www.reyrey.com.
About Portico Capital Securities, LLC
Portico Capital provides independent strategic and financial advisory services in the areas of mergers & acquisitions (M&A), recapitalizations and capital raisings exclusively to private and public companies in the global information and business services/software sector. The firm, founded in 2000, has offices in Greenwich, Connecticut; New York, New York; and London, England. For more information, please visit www.porticocap.com.