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Automotive video software company in Europe for sale
Automotive video software company for sale
- Size: small
- Revenue: > 5M EUR
- Employees: > 100
- Location of the Automotive video software company: Europe
- Reason for sale: The owners want to grow the company in Europe, therefore are looking to talk to interested investors
- #CFIE ITS205
Overview of the Automotive video software company in Europe for sale
The company for sale is a provider of app-based video solutions to the car industry. The company is leading in changing the way the cars are sold. Its video and app related software helps automotive companies to sell in a more advanced manner. The enterprise is backed by a private equity group that has a strategy of investing in niche market leaders and challenging businesses that are able to transform themselves and have an impact on the market in which they operate. This investing firm grew the company and helped it to develop its technological solutions. The company registers more than 5M Euro and employs around 100 employees specialized in automotive engineering, software development and video capturing technologies. The valuation expectations exceed 15M Euro. CFIE has no mandate from the seller and needs to be compensated by the buyer.
Profile (strategy) of the Automotive video software company in Europe for sale
The company has more than 10 years of presence in the market and is active in automotive video sector providing app-based video solutions to the car industry. The products developed have been established as a strong trademark in the sector because they improve business performance and bring more transparency and efficiency to the automotive dealership's operations. The applications create also a whole different experience to the car dealership's customers. Today these video app solutions are being used by major car manufacturers and the market potential is growing very fast, a proof of this fact being the company's fast growing rhythm of more than 40% annually. The video app has more than 10,000 installations in car dealerships located worldwide, the solutions being used in sales and servicing departments, after-sale operations, repair activities, etc. The applications enable staff to send personalised video presentations of vehicles that are for sale and allow workshop personnel to send to the customer videos that show what broken parts of the cars need to be replaced in the service.
The first app was built with the aim to allow people to view cars for sale without the necessity to visit car showrooms. Later on, the team developed more other apps in a response to the car dealership's needs. The solutions developed are based on sending videos through dedicated app platforms. Some features of the apps are as it follows: it is provided personalisation, each video being tailored made to respond to the customer's enquiries; the communication is ensured by using text and email messages; the videos are validated in consideration with date and time (using GPS coordinates) so that everybody knows when they were taken; customers are allowed to rate the videos and offer feed-back; the dashboard tool enables the team to view real time results, export reports about performance and efficiency. Because the apps allow to provide a precise assessment of each vehicle's condition, they are used not only in the relationship with clients, but also in the relationship with insurers enabling to come quickly to an agreement towards insurance operations. The company's products create trust, offer transparent relationships, increase conversion and enable the customer to agree on the necessary next steps.
Activities and services of the Automotive video software company in Europe for sale
The company has developed several app products that meet the car dealership's needs. The solutions include live streaming videos, recording and sending videos to clients, messaging, reporting, getting validation and critical assessment.
Highlights of the Automotive video software company in Europe for sale
- The company provides video software solutions for the automotive industry
- The products developed help car dealerships in their daily operations
- The company is backed by a strong private equity firm that offered the necessary support for growth
- The company has the potential to become the market leader
- The owners want to sell the company
Information about this Automotive video software company in Europe
Please do get in touch if you are interested in finding more about this Automotive video software company in Europe for sale. If this Automotive video software company for sale in Europe does not fit your requirements feel free to ask for other ITS companies for sale.
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Note: CFIE only works with formal companies. We do get a lot of requests and it is difficult to follow up on all inquiries from visitors to our website. For each company, we assess the likelihood of a future transaction. We only get back to you if we see a realistic opportunity to do a future acquisition or business sale. In order to increase your chances of receiving a reply as an individual, please explain as much as possible about your personal background, strategy and fit with the target. There is also a possibility that your details will be kept on file and we will get back to you once there is an opportunity to do a transaction. CFIE can’t guarantee you will receive an answer to your request.