ARI Announces Acquisition of Ready2Ride, Inc.
Summary
ARI Network Services acquired the assets of Ready2Ride, a provider of enhanced aftermarket fitment data for the powersports industry. ARI plans to market the fitment data to roughly 10,000 dealers in fiscal 2013 and expand the offering to the marine industry in fiscal 2014. The companies expect the deal to drive organic revenue growth in 2013 and be accretive to shareholders beginning in 2014; terms were not disclosed. ARI says the acquisition will accelerate product development, improve dealer website and parts-counter sales, and allow Ready2Ride to scale its services for large online retailers and auction platforms.
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Digital Marketing Software
Lead Generation Software
eCommerce Software
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ARI Network Services, Inc.
$25M to $50M