CDK - Mergers and acquisitions

Digital Sales Platform Integration to Equip Dealers with Amazon-like Experience for New and Used Vehicles CDK Global, Inc. (NASDAQ:CDK), a leading retail automotive technology company, today completed the acquisition of Palo Alto, Calif.-based Roadster, Inc. ("Roadster"), a digital sales platform that modernizes the way consumers buy vehicles and the process in which dealers sell them. The integration of Roadster assets and capabilities positions CDK to bring the first fully integrated, end-to-end retail solution to the automotive market and deliver on the promise of Modern Retailing. The solution will help franchise automotive dealers compete with—and exceed the capabilities of—digital-f

HOFFMAN ESTATES, Ill., June 02, 2021 (GLOBE NEWSWIRE) -- CDK Global, Inc. (NASDAQ:CDK), a leading retail automotive technology company, today completed the acquisition of Palo Alto, Calif.-based Roadster, Inc. ("Roadster"), a digital sales platform that modernizes the way consumers buy vehicles and the process in which dealers sell them. The integration of Roadster assets and capabilities positions CDK to bring the first fully integrated, end-to-end retail solution to the automotive market and deliver on the promise of Modern Retailing. The solution will help franchise automotive dealers compete with—and exceed the capabilities of—digital-first used vehicle marketplaces that have expanded

HOFFMAN ESTATES, Ill.--(BUSINESS WIRE)--CDK Global, Inc. (Nasdaq: CDK), a leading retail automotive technology company, today completed the acquisition of Austin-based Square Root. Founded in 2006, Square Root is the creator of CoEFFICIENT®, which helps automotive original equipment manufacturer (OEM) field managers understand and act on unique data patterns and opportunities for retailers in their markets. “The acquisition of Square Root is another important step in our efforts to build innovative solutions for dealers and OEMs that allow them to manage, analyze and grow their businesses,” said Brian Krzanich, president and chief executive officer, CDK Global. “The technology, c

HAYWARD, Calif.--(BUSINESS WIRE)--Ripcord, a SaaS-based, next-gen digital transformation provider that eliminates paper to empower intelligent business processes, today announced the acquisition of deep learning company Engine ML. Backed by Kleiner Perkins and Catapult, Engine ML builds distributed deep-learning infrastructure designed to scale. Now the integrated solution will enable leading brands in finance, insurance, retail and energy to quickly and easily unlock the power of their data and turn it into actionable insight in days or hours instead of weeks or months. The business value of semi-structured and unstructured data has been somewhat limited as extracting its intell