Automotive video software company in Europe for sale

• Revenue: > 5 million EUR
• Employees: > 100
• Location: Europe
• Reason for sale: The owners want to grow the company in Europe, therefore are looking to talk to interested investors
• #CFIE ITS205

The company for sale is a provider of app-based video solutions to the car industry. The business is leading in changing the way cars are sold. Its video and app-related software help 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 investment firm grew the company and helped it to develop its technological solutions. The establishment’s current revenue is more than 5 million euros and it employs around 100 employees specializing in automotive engineering, software development, and video capture technologies. The valuation expectations exceed 15 million euros. CFIE does not have a mandate from the seller and needs to be compensated by the buyer.

The company has more than 10 years of presence in the market and is active in the automotive video sector providing app-based video solutions to the car industry. They develop products with 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 also create a completely different experience for 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. The proof of this fact is the company’s fast-growth rate of more than 40% annually. The video app has more than 10,000 installations in car dealerships located worldwide. In addition, the solutions are used in sales and service departments, after-sale operations, repair activities, etc. The applications enable staff to send personalized video presentations of vehicles that are for sale and allow workshop personnel to send 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 other apps in response to the car dealership’s needs. The solutions developed are based on sending videos through dedicated app platforms. Some features of the apps include personalization where each video is tailored made to respond to the customer’s inquiries and communication using text and email messages. In addition, videos are validated in consideration of date and time (using GPS coordinates) so that everybody knows when they were taken. Customers are allowed to rate the videos and offer feedback. The dashboard tool enables the team to view real-time results, and export reports about performance and efficiency. Because the apps allow for the provision of 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 them to come quickly to an agreement on insurance operations. The company’s products create trust, offer transparent relationships, increase conversion and enable the customer to agree on the necessary next steps.

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.

• The company provides video software solutions for the automotive industry
• The products developed help car dealerships in their daily operations
• Backed by a strong private equity firm that offers the necessary support for growth
• Potential to become the market leader
• The owners want to sell the company