The Swedish company Infoflex Data AB, specialized in software solutions for dealers, repair shops and wholesalers in the automotive industry joins Total Specific Solutions ("TSS"), a Dutch VMS Group. With the acquisition of this vertical market player, TSS enters the Nordic region. TSS's shareholder Constellation Software Inc. ("CSI") already has ample expertise in the automotive industry in North America and Australia.
This acquisition provides TSS the possibility to expand further into the Nordic region. Infoflex is an established player in the Swedish market and offers a solution suite to support dealerships, repair shops and wholesalers in optimizing their internal processes and customer communications. Targeted business logic and strong integrations give Infoflex's customers the tools needed to run their businesses efficiently: planning, online inventory, mobile reminders, tire-storage, and more. The automotive wholesale solution is catered to fit the specific needs of that client segment.
Ramon Zanders, General Manager at TSS, commented
"Infoflex is a software company that fits our software group. They focus on the vertical and the specific needs of the client segments within their industry. They believe in the added value vertical market software has to offer and are close to their customers. It offers TSS the opportunity to gain valuable knowledge of the automotive industry. The acquisition of Infoflex is also another step in realizing our ambition to expand in Europe geographically. The Nordics are a region with many interesting and outstanding software companies, so we are pleased to realize this first step."
Stefan Larsson, President at Infoflex, said
"We were looking for a way to take the next step in our growth ambitions, and along came TSS offering us the opportunity to realize these. Their experience and best practices in operating successful software businesses combined with gaining further knowledge of the automotive vertical via the North American CSI companies gives us the opportunity to develop our position in our market further. We are looking forward to the future."
Andreas Anderberg, IMAP, added
We are very pleased that TSS now has completed its first acquisition in Sweden. IMAP has been working closely together with TSS analysing and examining the Swedish market for suitable target companies. Infoflex distinguished itself early on as a very interesting target; a well-run company with a clear focus in an interesting vertical market".
Infoflex Data is a supplier of business systems focusing on dealerships, repair shops and wholesalers in the automotive industry. Infoflex's mission is to add value to their customers' business operations and profitability with effective IT solutions. Infoflex Data operates in Sweden and has its headquarters in central Stockholm and local offices in Lund, Orebro, Bracke, and Lulea. About TSS
Total Specific Solutions ("TSS") is the European Vertical Market Software group of CSI and has its headquartered in the Netherlands. TSS software solutions provide their customers real business value and allow them to operate at a high level of efficiency. TSS acquires and strengthens vertical software companies by offering them financial security, strategic guidance and sharing best practices so that they can be leaders in their respective domains.