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Print CDK Global Inc. and Reynolds and Reynolds Co. are making a strong bet that online sales will remain a critical function for U.S. dealerships as the economy emerges from the pandemic. The two dealership management system giants each bought a company that specializes in digital retailing software, in deals that became public within a week of each other. About the deals Dealership management system giants CDK Global and Reynolds and Reynolds have acquired digital retailing providers Roadster and Gubagoo, respectively. CDK-ROADSTER Closing date: June 2 Executive moves: Roadster CEO Andy Moss will lead product and engineering for Roadster within CDK and work more broadly on CDK s retail product strategy ....
CDK Global Inc. and Roadster executives say their combination will help expand Roadster's digital retailing business and improve online sales technology. ....
CDK said adding Roadster to its roster of technology tools will allow its dealership customers to compete against online used-vehicle retailers that have grown their own businesses. ....
Operator Good day, and thank you for standing by. Welcome to the Q3 2021 CDK Global, Inc. Earnings Conference Call. [Operator Instructions] I would now like to hand the conference over to your speaker today, Julie Schlueter, Director of Investor Relations. Please go ahead. Julie Schlueter Director of Investor Relations Thank you, and good afternoon. I d like to welcome you to our Third Quarter Fiscal 21 Earnings Call. Joining me on today s call are CEO, Brian Krzanich; Chief Operating Officer, Joe Tautges; and our CFO, Eric Guerin. Following their prepared remarks, we ll be taking questions. Our earnings press release was issued after the close of the market today and is posted on our Investor Relations website at investors.cdkglobal.com, where this call is being simultaneously webcast. In addition, our website also includes an updated Excel schedule of supplemental financial information and a copy of our results presentation that we will be referencing during ....
I look forward to continuing our growth strategy and focus on our North America business, he added. Francisco Partners has offices in San Francisco, New York and London and specializes in working with technology companies. CDK has said the private-equity firm is acquiring 100 percent of CDK s international business, with operations in Europe, Asia, the Middle East and South Africa. CDK has said it will use the proceeds to focus on its North American operations, which include DMS and other software for automotive dealerships and adjacent businesses in the U.S. and Canada, as well as to repay debt. The company last year said it expects to receive $1.3 billion in after-tax cash proceeds from the sale. ....