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| Exchange Disseminated Time | Logix Microsystems Ltd has informed BSE vide its letter dated October 14, 2009 regarding a Press Release, dated October 12, 2009 titled "Logix Announces the Acquisition of Performance Drive SVC Automotive Service Management Solution".
Press Release :
"Logix Microsystems Ltd today announced the acquisition of Performance Drive SVC by izmocars, the leading U.S. business solutions provider for the automotive industry owned by the company.
Performance Drive SVC is the only comprehensive service management application available in the U.S. market today. This advanced technology platform offers full data integration with a host of features hitherto unavailable to auto dealers, enabling them to integrate online appointments into their Websites and manage their service bays profitably.
"This is a strategic acquisition that gives izmocars the unique ability to offer a seamless solutions Suite that meets all the needs of Auto Dealers, from lead management to CRM, Finance and Insurance, and Service Management Performance Drive has all the functionality that dealers need to manage their service departments profitably. The acquisition cost of approx. US$ 1.10 million provides a low cost entry into the fast growing US$ 500 million automobile service market.", said Sanjay Soni, Managing Director of Logix Microsystems Ltd.
Performance Drive will be offered, as a part of the iService Solution from izmocars and will enable customers to book online service appointments from an automotive dealership's website. It also enables Service Managers to manage service bay loading, staff scheduling, loaner management and comprehensive reporting.
With pre-owned car sales at an all time high, high margin vehicle service offerings are a veritable cash cow for dealerships across the U.S. iService will help dealerships build robust service departments that can engage and retain customers through multiple vehicle lifecycles.
"We took years to build Performance Drive into the best Service Management Solution in the automotive industry and combined with the izmocars CRM solution, we will be able to offer dealers a seamless solution, that takes over a customer relationship after the sale is done and converts it into a profitable lifetime partnership. We are excited to be a part of the izmocars group and look forward, to providing dealers with a comprehensive service management platform, unlike anything the industry has seen before", says George Pavlyak, Founder / Partner of Performance Drive SVC.
Izmocars is releasing the iService Solution soon with leading automotive dealerships across the U.S." |
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