CDK Global
CDK Global, Inc. provides software and technology solutions for automotive retailers across the United States, Europe, Canada, and other regions. The company specializes in Dealer Management Systems (DMS) that encompass a range of applications and services aimed at facilitating the acquisition, sale, financing, insuring, parts supply, and maintenance of vehicles. CDK Global also extends its offerings to retailers and manufacturers of heavy trucks, construction and agricultural equipment, motorcycles, boats, and recreational vehicles. Its product suite includes digital tools such as Connected Store, which streamlines the vehicle sales process, and Elead CRM, a platform for lead generation. Additionally, the company provides professional services, including consulting, custom programming, implementation, training, and ongoing customer support. With approximately 30,000 retail locations and OEMs in its network, CDK Global is focused on enhancing the efficiency and profitability of automotive businesses while improving the overall purchasing experience for consumers. Founded in 2014 and headquartered in Hoffman Estates, Illinois, CDK Global continues the legacy of its predecessor, ADP Dealer Services, which began in 1972.
Top Stages
11 past transactions
Computerized Vehicle Registration
Acquisition in 2023
Computerized Vehicle Registration specializes in delivering efficient and secure electronic titling and registration services for automotive dealers. The company offers a comprehensive suite of solutions that includes electronic vehicle registration, vehicle history reporting, and software tailored for dealers and fleet managers. By streamlining the vehicle registration process, Computerized Vehicle Registration enhances the efficiency of automotive transactions, ensuring that dealers can provide fast and certified services to their customers. Its focus on security and speed positions the company as a valuable partner in the vehicle lifecycle management industry.
Salty.
Acquisition in 2021
Salty. is an insurance technology company based in Salt Lake City, Utah, founded in 2019 by Mona Eliassen and James Hall. The company specializes in embedded insurance, providing a platform that simplifies the insurance process for clients. By leveraging artificial intelligence and machine learning, Salty. analyzes unique data sources to deliver personalized, real-time quotes tailored to individual needs. This approach allows clients to receive the appropriate coverage at critical moments, enhancing their peace of mind. Salty.'s commitment to transparency and customization aims to alleviate the stress associated with insurance decisions, making it a valuable resource for both consumers and distribution partners.
Roadster
Acquisition in 2021
Roadster is a developer of an automotive e-commerce platform designed to streamline the car buying process for modern dealerships. Its proprietary technology enables dealerships to create digital storefronts that integrate online and in-store experiences. By providing real-time access to car pricing, trade-in values, and payment options, Roadster facilitates a hassle-free buying experience for consumers. The platform enhances customer satisfaction and improves sales close rates while significantly reducing the time required for the sales process. Additionally, Roadster offers solutions for inventory merchandising, financing, leasing, incentives, trade-ins, service plans, and accessories, positioning itself as a comprehensive commerce solution for automotive dealers.
Square Root
Acquisition in 2021
Square Root is a provider of store relationship management software that focuses on managing corporate, store, and field operations data. Based in Austin, Texas, the company offers a SaaS-based data management platform designed to enhance decision-making and improve operational efficiency for large, complex businesses. Their software aims to provide customers with the clarity and alignment needed to optimize processes and address specific operational challenges. By emphasizing collaboration and a deep understanding of client needs, Square Root fosters strong partnerships that enhance their customers' performance. The company's commitment to agile development ensures that their solutions continuously evolve to meet the demands of the market.
Ripcord
Series B in 2020
Ripcord is a robotic digitization company that develops platforms and software to convert physical documents into digital, searchable data and streamlined workflows. Its Canopy solution uses artificial intelligence and machine learning to capture, enrich, and organize content, enabling enterprises to simplify processes and improve accuracy. The company combines sensors, automation, and vision-guided robots to create a digital twin of information, perform document scanning and recognition, and accelerate data capture, organization, and retrieval. This supports faster, higher-quality processing and moves organizations toward paperless document management and more efficient operations. Headquartered in Los Angeles, Ripcord was founded in 2014.
Elead1One
Acquisition in 2018
ELEAD1ONE is a provider of integrated CRM software solutions specifically designed for automotive dealers, supporting around 4,000 dealerships across North America. The company's platform offers a comprehensive customer experience by merging sales, marketing, contact center, and service functionalities into a unified dashboard. Since its inception, ELEAD1ONE has built a strong reputation in the automotive industry for delivering user-friendly and effective software that enhances dealership operations.
Progressus
Acquisition in 2018
Progressus is a mobile first, technology connected media company. Our API powered platform enables partners to engage new audiences with scale, automation, and real-time data. Automotive is Progressus' largest vertical. Each day, our platform serves 145,000 automotive shoppers and generates over 11,000 direct customer inquiries in the US and Canada.
Progressus was founded in 2012 and is headquartered in Chicago’s River West neighborhood.
Dashboard Dealership Enterprises
Acquisition in 2017
Dashboard Dealership Enterprises Inc. is a company that specializes in developing online reporting solutions tailored for automobile dealers. Established in 1996 and headquartered in Pleasanton, California, the company focuses on providing data analytics and business intelligence platforms that enable auto dealers to monitor and analyze their operational and accounting activities. Its software solutions facilitate a comprehensive view of dealer group performance, allowing users to identify business exceptions and drill down into individual transaction details. Over the years, Dashboard Dealership Enterprises has successfully created and sold various reporting solutions to prominent firms in the automotive industry, including Reynolds & Reynolds and ADP, thereby establishing itself as a key player in the sector. As of October 2017, it operates as a subsidiary of CDK Global, Inc.
NewCarIQ
Acquisition in 2016
NewCarIQ is a provider of inventory management services that specializes in new vehicle pricing and inventory management technology for automotive retailers. The company addresses the challenges of pricing transparency in the new car industry by offering a comprehensive solution designed to optimize every aspect of a dealer's new car inventory management. Its product capabilities include dynamic pricing tools that integrate incentives and rebates, stocking advice for manufacturers and model specifics, and robust reporting features that track critical metrics such as inventory cycle times and supply levels. Additionally, NewCarIQ provides group trading tools for enterprise inventory optimization and customizable reporting options, allowing users to analyze their data effectively. Overall, NewCarIQ aims to enhance the efficiency and competitiveness of automotive retailers in a rapidly evolving market.
RedBumper
Acquisition in 2016
RedBumper is an innovative automotive inventory management company founded by Bruce Thompson, who is recognized for his significant contributions to the industry since 2001. The company offers a next-generation system designed to streamline inventory management through advanced automation technology. Its services include appraisal tools and a smartphone-centric application, allowing users to efficiently manage their automotive inventory. RedBumper aims to enhance the inventory management process by leveraging modern technology, making it more accessible and user-friendly for automotive businesses.
Automatic
Series A in 2013
Automatic's mission is to empower drivers with knowledge about themselves and their cars so they can be safer and drive smarter. Automatic believes that drivers should not have to buy a new car to have a better driving experience, and that the phone in their pocket can bring the future of driving to today's automobiles.
Automatic is based in San Francisco, California, but its team comes from every corner of the world. The team obsesses about creating beautiful and well-engineered products that make a real difference in people's lives. Its members are big on ideas, low on ego, and love working together.
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