Thoma Bravo buys Autodata Solutions from KKR's Internet Brands
U.S. private equity firm Thoma Bravo has acquired Autodata Solutions Group, a London, Ontario-based provider of data and software solutions to the automotive industry. Terms weren't disclosed. Bloomberg reported in April the deal is valued at about US$1 billion. The seller was Internet Brands Inc, a U.S. online media and software services organization backed by KKR. Founded in 1990, Autodata Solutions provides SaaS and software solutions ranging from back-end automation systems that enable dealer-to-original equipment manufacturer vehicle ordering to consumer-focused marketing initiatives. The management team, led by President Craig Jennings, will continue to run the company from its Canadian headquarters.
31 May 2019•3 mins read
