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Infomedia to Acquire Auto E-Commerce Platform SimplePart
ACCESSWIRE
Infomedia Ltd has entered into an agreement to acquire U.S.-based e-commerce platform SimplePart
SYDNEY AUSTRALIA / ACCESSWIRE / May 6, 2021 / Infomedia Ltd (ASX:IFM), a leading software provider in parts, service and data insights solutions to the global automotive industry, today announced that IFM Americas Inc., a wholly owned subsidiary of Infomedia Ltd, has entered into an agreement to acquire U.S.-based e-commerce platform SimplePart.
SimplePart designs, implements and manages consumer-facing e-commerce programs in the U.S. and Canada for many of the world s top automakers, helping them increase their sales of genuine automaker parts, accessories and service.
Infomedia Ltd: Infomedia to Acquire Auto E-Commerce Platform SimplePart
Infomedia Ltd has entered into an agreement to acquire U.S.-based e-commerce platform SimplePart
SYDNEY AUSTRALIA / ACCESSWIRE / May 6, 2021 / Infomedia Ltd (ASX:IFM), a leading software provider in parts, service and data insights solutions to the global automotive industry, today announced that IFM Americas Inc., a wholly owned subsidiary of Infomedia Ltd, has entered into an agreement to acquire U.S.-based e-commerce platform SimplePart.
SimplePart designs, implements and manages consumer-facing e-commerce programs in the U.S. and Canada for many of the world s top automakers, helping them increase their sales of genuine automaker parts, accessories and service.
ASX up 0.6 per cent; RBA upgrades GDP, holds cash rate
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Alex Gluyas
Nearmap has increased its annual contract value (ACV) guidance for the 2021 financial year to $128-$132 million from its previous guidance of $120-$128 million.
The increase comes on the back of a strong first half performance where the company saw continued growth from its core industry verticals from both new and existing customers.
“I am very encouraged by the strong growth we are seeing across our ACV portfolio,” said Nearmap CEO Rob Newman.
“This performance validates our strategy to focus on our core growth verticals of insurance, government and roofing, with the adoption of premium content types particularly strong from these verticals, driving returns from the investments we made into new and expanded content.”
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