Info
Info

KAR accelerates mobility strategy with acquisition of STRATIM

News

KAR Auction Services, a global vehicle remarketing and technology solutions provider, has announced the acquisition of mobility and fleet management software company STRATIM.

The addition of STRATIM supplements KAR’s broad portfolio of wholesale used vehicle physical, online and digital auction marketplaces and ancillary service providers. The acquisition also expands the company’s presence into the rapidly growing market of on-demand car and ride sharing services, urban commute providers and autonomous vehicles.

“As the automotive industry continues to transform, we’re making meaningful investments in technology, data and analytics to meet the evolving needs of our customers and expand market opportunities," said Jim Hallett, chairman and CEO of KAR. “STRATIM’s first-of-its kind mobility management solution is already supporting the fleets of some of our commercial customers, and this is a natural extension of those relationships. We look forward to delivering integrated products and services through STRATIM and fortifying our presence in the mobility space."

San Francisco-based STRATIM was founded in 2016 by a team of technology innovators from Google, eBay and Trulia with decades of experience building platform and infrastructure technology. STRATIM’s software utilizes real-time data and predictive analytics to digitize fleet management and help mobility service providers streamline operations. Fleet owners can onboard, manage, service, dispatch and pay all their current vendors through STRATIM’s automated vendor management platform. STRATIM operates in more than 25 North American cities and has processed service transactions for many of the nation’s leading mobility service providers and automotive manufacturers.

“STRATIM enables automotive companies to succeed in the new age of use-based transportation," said Sean Behr, STRATIM founder and president. “KAR shares our entrepreneurial spirit and has the resources to fuel our continued growth and expansion. We’re thrilled to join the KAR family and deliver technology and innovation that power our customers’ fleets."

STRATIM will maintain its current headquarters in San Francisco, and will be part of KAR’s digital services group. Sean Behr assumes the role of STRATIM’s president.

“KAR is continuously scanning the automotive eco-system to identify solutions that modernize processes and enhance the customer experience," said Don Gottwald, chief operating officer and chief strategy officer at KAR. “Integrating STRATIM’s fleet management technology into KAR’s platform will give our customers a cost-effective, end-to-end, data-driven solution for better managing fleet vehicle service and optimizing logistics."


Author:
Modified on Monday 12th February 2018
Link to this article: TaaS Magazine
View all articles related to: KAR accelerates mobility strategy with acquisition of STRATIM
TaaS Technology Magazine
Ford’s Canvas Subscription Service Celebrates Growth, Looks For Continued Expansion
Uber And Waymo Reach Settlement, Bring Legal Battle To A Close
Jon McNeill Joins Lyft As Chief Operating Officer
SEAT And Orange Join Forces To Promote The Connected Car
Porsche Plans To Invest More Than Six Billion Euro In Electromobility By 2022
First Fully Electric Opel/Vauxhall Corsa Will Be Made In Zaragoza
KAR Accelerates Mobility Strategy With Acquisition Of STRATIM
Uniti And Bird Group Join Forces In India
Mitsubishi Electric Develops Metallic-like Surfaces In Vehicle Displays
Ricardo To Integrate Wireless Charging Capability For Electra Meccanica’s SOLO EV
How Bosch Is Transforming Driving With Connected Services
Renault Partners With E-VIA FLEX-E Project To Boost Charging Infrastructure
Hyundai Motor Offers First Fully-electric Compact SUV: The Kona Electric
SEAT Enters In The Carsharing Sector With The Acquisition Of Respiro
TUV Rheinland Reveals Consumer Perceptions Of Autonomous Vehicle Safety
HyperloopTT Signs First US Feasibility Study From Cleveland To Chicago
HERE Technologies And Dubai To Develop A Driverless Transportation Data Infrastructure
Panasonic And Trend Micro Agree To Develop Cyber Security Solution For Connected Cars
TomTom On-Street Parking Service Now Available In 100 European Cities
Upgrades For MINI Connected With In-built 4G Connectivity
Renault-Nissan-Mitsubishi And DiDi Chuxing To Explore Car-sharing Partnership In China
Volkswagen Assumes Pioneering Role In Rapid Road Safety Improvement
Ricardo To Integrate Wireless Charging Capability For Electra Meccanica’s SOLO EV
Mytaxi Announces New Chief Executive Officer

Info
Your First Name
Your Email Address
Next »Close
 
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the TaaS Magazine, the TaaS Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info