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Bumper has completed its first acquisition, purchasing business intelligence tools company AutoBI.
AutoBi provides business intelligence tools for car retailers and OEMs. Its dashboards provide updates on critical information about all aspects of an automotive business including CRM, sales, service, parts and finance.
Jack Allman, CCO and Co-Founder of Bumper said: “AutoBI is a perfect fit for Bumper and this acquisition is a key part of our strategic goal to become Europe’s largest automotive payment and data platform.
“AutoBI’s ability to generate thousands of near real-time reports will enable us to provide our dealer partners with greater visibility of data and insights across their businesses, helping boost their profitability, efficiencies and cost savings.”
All staff will transfer with the business and AutoBI founder Jonathan Sharman will continue as its CEO.
Sharman said: “The AutoBI team are excited to become part of Bumper and support its growth in the UK and Europe as the leading finance platform for car retailers.
“The synergies between the businesses will enable us to seamlessly add further value to Bumper’s dealer proposition.”