Providence Strategic Growth-Backed Imaweb/ IDF Group Completes Acquisition of TMS-Soft
Imaweb/ IDF Group, a leading independent provider of customer relationship management (“CRM”) solutions and dealership management systems (“DMS”) for the automotive industry in Europe, today announced that it has completed its acquisition of TMS-Soft, a leading provider of digital car registration workflow software in France. Imaweb/ IDF Group is backed by Providence Strategic Growth (“PSG”), the growth equity affiliate of premier asset management firm Providence Equity Partners (“Providence”). Financial terms were not disclosed.
Founded in 2008, TMS-Soft automates and streamlines processes associated with vehicle registration through its cutting-edge, digital platform. The company is the largest of only three non-governmental organizations authorized to issue vehicle registration credentials under the French system, the système d'immatriculation des véhicules (SIV). TMS-Soft’s team serves over 3,700 clients ranging from used car dealerships, auto centers, and online car sales marketplaces.
Patrick Prajs, CEO of Imaweb/ IDF Group, said, “Our acquisition of TMS-Soft will enable us to offer clients a highly valuable add-on to their existing suite of Imaweb/IDF Group products, which are centered around our core CRM and DMS products. We will also be able to reach a broader base of customers – especially used-car dealerships – across all our markets. Today’s announcement is a testament of the momentum we have sustained since partnering with PSG, and we are optimistic about the road ahead. We are pleased to welcome the TMS-Soft team to our family and look forward to working together as we solidify our position as a leading European provider of CRM, DMS, and now digital workflow solutions for the automotive industry in Europe.”
Lionel Amrouche, Founder and CEO of TMS-Soft, said, “This transaction underscores the strength of the TMS-Soft brand and importance of our offering. We are excited for the future and look forward to growing the business under the Imaweb/ IDF Group umbrella.”
Since its formation following PSG’s investment in September 2019, Imaweb/ IDF Group has become one of Europe’s premier full-service providers of automotive CRM, DMS and other digital solutions. In the last 12 months, Imaweb/ IDF Group has also completed the acquisitions of ITMotive, a Netherlands-based distributor and servicer of DMS in the Benelux region, and Serinfer, the computer software segment of the Alvariño Group, a Spanish developer, distributor and supplier of DMS.
Imaweb/ IDF Group
Imaweb/ Datafirst-I’Car Systems Group (“Imaweb/ IDF Group”) is a leading developer of CRM and DMS solutions for the automotive sector in Europe. The company was formed through the merger of Imaweb, a Spanish company dedicated to developing global customer management solutions for sales, marketing and after-sales, and DATAFIRST-I’Car Systems, a French software development company for car manufacturers, groups distribution and dealers, in 2019.
TMS-Soft is one of only three non-governmental organizations authorized to issue vehicle registration credentials under the French system, the système d'immatriculation des véhicules (SIV). Through its digital platform, TMS-Soft facilitates all formalities associated with the registration process, with a focus on used vehicle registration. TMS-Soft was founded in 2008 by Lionel Amrouche, who continues to lead the business, and is powered by a team serving over 3,700 clients. Please visit https://www.tms-soft.fr/ for more information.
Providence Strategic Growth
PSG is an affiliate of Providence Equity Partners (“Providence”). Established in 2014, PSG focuses on growth equity investments in lower middle market software and technology-enabled service companies. Providence is a premier global asset management firm that pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm’s inception in 1989, Providence has invested in more than 200 companies and is a leading equity investment firm focused on the media, communications, education, software and services industries. PSG is headquartered in Boston, MA, with offices in London and Kansas City. For more information on PSG, please visit https://www.provequity.com/private-equity/psg, and for more information on Providence, please visit https://www.provequity.com.
+33 247 804 007/ +33 784 222 125
Providence Strategic Growth
Rory King/ Giles Bethule
Sard Verbinnen & Co.
+44 7917 086 227/ +44 7761 385 365
About Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Guidewire Announces New RDP Exposure Signal to Assess Growing Cyber Threats1.10.2020 22:15:00 CEST | Press release
Guidewire Software, Inc. (NYSE: GWRE), the platform P&C insurers trust to engage, innovate, and grow efficiently, today announced a new Remote Desktop Protocol (RDP), Exposure Signal, for its Guidewire Cyence for Cyber product. Cyberattacks against Internet-exposed RDP servers are surging, and Exposure Signal is designed to detect on-demand whether a company’s RDP has been exposed to the internet and a potential cyberattack. The new capability provides actionable insights that enable underwriters to develop a more comprehensive assessment of enterprise susceptibility to attack, leading to the ability to price risk appropriately and avoid adverse risk selection. In addition, Exposure Signal empowers insurers to inform their customers of a potential cyberattack so that they can take action to reduce their risk exposure by taking preventative or remediation measures. RDP is a remote desktop solution that comes pre-installed on all Windows PCs, and is a key component of enabling remote wor
SwitchDin’s Technology Selected for World-First Project to Increase Solar Hosting Capacity for Electricity Distribution Networks1.10.2020 22:00:00 CEST | Press release
SwitchDin, an Australian energy management software company, has been retained by distribution networks, SA Power Networks and AusNet Services, to provide a global-first solution that will allow networks to create flexible solar export limits to accommodate the growth of rooftop solar photovoltaic (PV) systems that are connected to the grid. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201001005065/en/ SwitchDin CEO Dr Andrew Mears with SwitchDin Droplet controller (Photo: Business Wire) The installation of PV systems is growing at a rate of more than 200,000 each year in Australia’s National Electricity Market (NEM), and distribution networks are reaching the limit of their ability to host rooftop solar in some areas. This flexible export capability will allow SA Power Networks and AusNet Services to offer an alternative to the strict export limits currently required to address these challenges, increasing the penetration
Conrad Energy Acquires Viridis Power to Create the Largest Flexible Generation Platform in the UK1.10.2020 20:00:00 CEST | Press release
Conrad Energy, a portfolio company of I Squared Capital and an independent power producer focused on flexible power generation, battery storage and energy management services for network and commercial customers, today announces a significant acceleration in its plans to support the UK energy transition. Conrad Energy has agreed to acquire Viridis Power, more than doubling its share of flexible generation for the UK power market, and bringing its operational portfolio to over 440MW at 28 sites across the UK and equivalent to the average hourly electricity needs of one million homes. The acquisition further strengthens the power generation, trading and operational capabilities of Conrad Energy, which specialises in innovative energy solutions that provide critical grid support. Conrad is already providing commercial customers with solutions for their energy needs, including flexible generators, storage and solar. This support will be critical as the UK integrates more renewable sources
EasyCOV, the Virological Saliva Test for COVID19 Confirms Its Excellent Results: a Sensitivity of 88% and a Specificity of 99% in 40 Min1.10.2020 18:23:00 CEST | Press release
EasyCOV, a virological saliva detection test for COVID19, has shown a sensitivity of 88% and a specificity 99% during a clinical trial performed at the testing center operated by the teaching hospital of Montpellier. The test relies on an optimized thermal protocol that provides the results in 40 minutes. EasyCOV, developed by SkillCell in collaboration with the CNRS (French National Center for Scientific Research), is a saliva test that can be run in the field and that provides results in the form of a change of color in no more than 40 minutes. Performed by a healthcare professional, the test requires the collection of 200 microliters of saliva, approximately 4 drops, from under the patient’s tongue. The sample is heated successively in two tubes using the nomadic heating device EasyVID (developed and produced by TRONICO, sister company of SkillCell). A test turning bright yellow indicates that the virus has been detected while an orange test is negative. A double-blind clinical tria
Ascend Performance Materials Announces Global Price Increase for All Vydyne® Brand Polymers, Fibers and Compounds1.10.2020 16:00:00 CEST | Press release
Ascend Performance Materials announced today a global price increase for all of its Vydyne® polymers, fibers and compounds. The price increase takes effect October 15, 2020, and includes the following price changes: Materials Geography Price Increases Terms Vydyne® (PA 66) polymers, fibers and compounds North America $220/MT As contracts allow Non-contract business – price determined on an order-by-order basis Vydyne® (PA 66) polymers, fibers and compounds Asia $300/MT As contracts allow Non-contract business – price determined on an order-by-order basis Vydyne® (PA 66) polymers, fibers and compounds Europe €200/MT As contracts allow Non-contract business – price determined on an order-by-order basis Customers should contact their local sales representative for additional information. About Ascend Performance Materials Ascend Performance Materials makes high-performance materials for everyday essentials and new technologies. Our focus is on improving quality of life and inspiring a bet
Andersen Global Adds SAGIS LP in Anguilla to Its Caribbean Platform1.10.2020 15:30:00 CEST | Press release
Andersen Global bolsters its Caribbean platform through a Collaboration Agreement with full-service law firm SAGIS LP in Anguilla. In a span of three months, Andersen Global has significantly expanded its footprint throughout the region and will focus on providing additional coverage over the course of the next 18 to 24 months. Established in 2018 by four Partners, SAGIS LP provides its clients with a variety of legal services, including corporate, commercial, banking and finance, intellectual property and real estate. Additionally, the Firm’s team of lawyers are widely recognized within Chambers Global and World Trademark Review. Partner Kenneth G. Porter said, “We have been focused on delivering quality client solutions through our strategic thinking and have an in-depth understanding of our clients’ unique legal needs. Collaborating with Andersen Global positions us to meet our goal of expanding and providing more robust services, while being the firm of choice in Anguilla for local