DealerSocket to Acquire Leading DMS Provider Auto/Mate

DealerSocket,
Inc., a leading provider of automotive software solutions, announced
today that the company has signed a definitive agreement to acquire
Auto/Mate, a leading Dealer Management System (DMS) software provider
for automotive dealerships. By bringing together Auto/Mate’s
comprehensive DMS technology with DealerSocket’s suite of products,
including its award-winning CRM, digital retail and websites, inventory
management, and independent-focused DMS software solutions, the combined
company will offer dealers an all-in-one, unique platform where
innovative software is combined with best-in-class service.

"Bringing together DealerSocket and Auto/Mate will be a game changer for
our customers, our companies, and the entire industry. For a long time,
DealerSocket has believed that combining our companies could offer
dealers a much needed new choice for a full platform solution,” said
Sejal Pietrzak, CEO of DealerSocket. “Both Auto/Mate’s and
DealerSocket’s industry-leading software and award-winning customer
service help to improve profitability and processes for dealerships, and
as a combined company, there are tremendous opportunities for
innovation, while maintaining our strong focus on customer service.”

“Auto/Mate and DealerSocket have been partners for many years, and we
have many joint customers. We could not have found a better home for our
technology, employees, and customers than DealerSocket,” said Auto/Mate
CEO Mike Esposito. “With the scale this deal brings and the investment
we will receive being part of DealerSocket, we will be able to offer our
customers and the broader market a seamless platform that will further
advance what is possible for dealerships.”

Upon close, the combined company will support more than 9,000
dealerships and well over 300,000 active users. This acquisition is
another step in DealerSocket’s commitment to provide automotive
dealerships with integrated and innovative software solutions that help
dealers sell more vehicles profitably while saving them time and
creating efficiencies across the entire vehicle and consumer lifecycles.

“Auto/Mate has deep and long-standing relationships with their customers
as well as impressive customer win rates from the industry’s largest DMS
providers. Auto/Mate’s success is indicative of the strength of its
innovative technology and the commitment of its employees who deliver an
excellent customer experience to dealerships,” continued Pietrzak. “I am
excited to welcome Auto/Mate’s team to DealerSocket, and we look forward
to investing further in our joint products and our teams as we continue
to deliver for our customers."

DealerSocket and Auto/Mate will continue to operate separately until an
official close has been announced.

About DealerSocket

DealerSocket is a leading provider of software for the automotive
industry with a suite of seamlessly integrated products to help dealers
sell and service vehicles more profitably, while improving their
customers' experience. DealerSocket's suite of products includes
advanced Customer Relationship Management (CRM), innovative Digital
Retail, Marketing and Websites, robust Vehicle Inventory Management,
insightful Analytics Reporting, and solutions to streamline dealer
operations such as Desking, Credit Reporting, Compliance, and an
independent-geared Dealer Management System (DMS) for dealers of all
sizes. DealerSocket's software has helped customers sell more than 100
million vehicles throughout its 18-year history. For more information,
visit DealerSocket.com,
or follow us on Twitter, LinkedIn,
and Facebook.

About Auto/Mate

Auto/Mate Dealership Systems is a leading provider of dealership
management system software to retail automotive dealerships, typically
saving dealers thousands of dollars per month from their current
provider. AMPS® is a user-friendly, feature-rich DMS in use by more than
1,500 auto dealers nationwide. Auto/Mate has received multiple
consecutive DrivingSales Dealer Satisfaction Awards.

Auto/Mate’s employees have more than 1,500 years of combined experience
working in franchised auto dealerships, the foundation of its By Car
People, For Car People™ slogan. Auto/Mate is committed to winning its
customers’ business each and every month with no long-term contracts and
free software upgrades.

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