AutoVitals Provides Sector Foremost Loyalty Rewards System to Enhance Automotive Fix Shop Earnings and Profitability
SAN DIEGO, Jan. 5, 2021 /PRNewswire/ — AutoVitals (“AV” or the “Enterprise”), a top company of SaaS methods to automotive mend and routine maintenance shops, announced currently its acquisition of BayIQ, a service provider of automated internet marketing software program to the independent tire and automotive restore business. BayIQ’s software package alternatives assist outlets create client loyalty, improve automobile counts, and maximize ordinary fix order by combining their strong shopper engagement platform with vital features like complete loyalty plan administration and automated provider reminders.
BayIQ was founded in 2016 and immediately became a dependable spouse for the impartial tire and automotive repair industry as a final result of its 50+ several years of industry expertise. Made for and by vehicle and tire pros, BayIQ’s items permit outlets to deal with all their marketing requirements in a person place, giving clientele with personalized outreach and incentives. Under CEO Jennifer Thronson’s leadership, BayIQ has more proven by itself as a companion the business depends on to increase consumer loyalty and retention.
“I am pretty happy of the value we have supplied to our shoppers so significantly but know BayIQ can do so significantly a lot more,” stated Thronson. “We desired to align with an corporation each fully commited to and capable of furthering our mission to make tire and automobile retailers much more prosperous. AutoVitals’ deep comprehension of store functions and demonstrated success in constructing mission important software proves that they are the right husband or wife at the appropriate time.”
AutoVitals’ acquisition of BayIQ will incorporate to the Company’s presently comprehensive suite of goods aimed at optimizing a shop’s effectiveness, such as workflow administration, electronic motor vehicle inspection, motorist engagement, POS integration, CRM, retention, and web sites. Equivalent to BayIQ, AutoVitals’ SmartFlow and The Electronic Shop® solution spouse and children has enabled shops to enhance product sales, frequently driving 25-100% will increase in annual revenues. Each and every of BayIQ’s expert team customers will stay with the mixed company.
“We are enthusiastic to increase BayIQ to the AutoVitals family members,” said Jon Belmonte, CEO of AutoVitals. “AutoVitals is the automotive aftermarket’s Shop Good results Option, dramatically escalating client common fix purchase, vehicle rely and store profitability by way of its engineering platform and best techniques. BayIQ’s motorist engagement providing is possessing a product effect on client retention and upselling fees for tire and automotive shops. The addition of a ideal-in-class buyer loyalty system to our Store Success Answer will make even improved fiscal results for our respective customers and for the marketplace.”
The acquisition is AutoVitals’ 1st considering that acquiring a important advancement financial commitment from Tritium Partners in 2019. The put together company has sizeable methods committed to help its expansion options by way of the two organic and natural techniques and acquisition.
Chris Steiner, Principal at Tritium Associates, commented, “We proceed to feel that organizations like AutoVitals and BayIQ will engage in instrumental and expanded roles in the automotive aftermarket as stores appear to use software package and knowledge to much better provide their clients, maximize revenue, and strengthen operations. We see important prospect to produce an significantly thorough resolution and plan to deliver the methods vital to expand our respective go-to-industry groups, further more enhance product/aspect growth and go after added acquisitions.”
BayIQ, a Phoenix-primarily based SaaS corporation, presents automated marketing software to the independent tire and automotive repair service field, addressing each individual vital promoting purpose. BayIQ’s loyalty benefits plan blended with critical features like automatic service reminders, e-mail and text information marketing, appointment scheduling, and on the web opinions gives dealers the applications essential to boost vehicle rely and typical repair get by making consumer loyalty. Study extra at www.bayiq.com.
AutoVitals, generally based in San Diego and Goleta, CA is the leading provider of built-in program alternatives for running automotive shop workflow, internet promoting, and motorist engagement. The company’s methods automate every contact point of the car restore transaction with motorists and enable efficient shop management. AutoVitals’ system features digital inspections, automated service reminders, consumer engagement, fix status updates, POS integration, instructional videos, revenue-to-technician conversation, and actual-time integration to restore knowledge/POS. Discover more at www.autovitals.com.
About Tritium Partners
Launched in 2013, Tritium Companions is a non-public equity firm centered on technology and providers organizations with excellent development probable. With ~$800 million of fully commited funds lifted, Tritium actively companions with talented founders and executives to make current market-foremost companies by way of substantial-expansion techniques, even though maintaining funds effectiveness. Tritium’s technique emphasizes making extensive-term price by way of both of those strategic development initiatives and acquisitions, with specialized knowledge in FinTech and economic companies, World wide web marketplaces, application info and analytics, source chain and logistics, and tech-enabled organization services.
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