FRESNO, Calif., Feb. 9, 2022 /PRNewswire/ — Credit rating Bureau Connection (“CBC”), a primary supplier of credit rating report and compliance alternatives to automotive sellers, lenders, and other end markets, announced today that it has acquired Seller Safeguard Alternatives (“DSGSS”), a SaaS service provider of compliance and workflow answers for the automotive retail industry. Money phrases of the transaction had been not disclosed. CBC is backed by the Capstreet Group (“Capstreet”), a Houston-based reduce center sector private equity organization.
The combination of CBC and DSGSS produces a comprehensive workflow and compliance administration enforcement system for vehicle dealers, enabling compliant behavior while optimizing workflows through the complete client interaction lifecycle – from purchaser revenue by way of finance and insurance plan transactions with lending associates. DSGSS founder and CEO Doug Fusco and the overall group will continue to be with the put together firm.
“I have recognised Doug and DSGSS for several several years, and have found the instant worth the system delivers to their amazing client record, and I am self-assured our two firms are a pure healthy,” explained Mike Green, founder and CEO of CBC. “Whilst both equally CBC and DSGSS have skilled dependable growth, there are nonetheless major natural and organic expansion options in the automobile and adjacent industries that we can better seize by functioning alongside one another. We welcome Doug and the total DSGSS team, and we are enthusiastic to perform together.”
Launched in 2009 and headquartered in McKinney, TX, DSGSS delivers proprietary software package and solutions developed to assist dealerships implement and keep compliance, boost operational efficiencies, and drive measurable ROI. A important instrument for franchised auto sellers throughout the U.S., its goal-built workflow answers optimize and automate a custom-made compliant gross sales process to assist dealers shut product sales though enabling dealership compliance and execution.
“Automobile dealerships nationwide have come to count on software program platforms to travel revenue, mitigate fraud, and manage compliance troubles, and bringing alongside one another our complementary product or service offerings will be welcome information for existing and new prospects,” mentioned Mr. Fusco. “With the new Federal Trade Fee Safeguards Rule prerequisites and spike in fraudulent transactions across the region, the want for our remedies has never ever been higher. Thanks to the backing of Capstreet and CBC, we can keep on to devote in new items and engineering when attaining new, important relationships.”
“We have been following DSGSS’ developments above the final few a long time, and we are self-confident their workforce and merchandise are a powerful addition to CBC as it seems to choose gain of powerful need for technologies solutions,” reported Adrian Guerra, Companion of CapStreet. “Capstreet appears to be forward to continuing to guidance CBC by way of additional investments in the system.”
CBC offers credit history report and compliance alternatives to the automotive and standard consumer finance industries across the United States. The Corporation optimizes and automates the consumer finance qualification course of action by means of a fast, uncomplicated-to-use, and secure application system offered to its comprehensive community of program affiliate partners. CBC’s merchandise and options spot a sturdy emphasis on compliance and id verification to guidance the credit history application and credit report system. Remember to pay a visit to www.creditbureauconnection.com for further facts.
About The Capstreet Team
Launched in 1990, Capstreet invests in reduce center market place software package, tech-enabled products and services, and industrial small business expert services corporations. With more than 45 platform investments and over 200 add-on acquisitions since inception, Capstreet’s investment system is focused on utilizing its Capvalue FrameworkTM to speed up advancement and profitability, and building extended time period sustainable businesses. The majority of Capstreet’s investments have been with founder- or entrepreneur-owned firms. For extra information and facts, visit the Capstreet web page, www.capstreet.com.
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Jennifer Hurson, 845-507-0571, [email protected]
Caroline Luz, 203-656-2829, [email protected]
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