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San Francisco, CA, USA, June 21, 2022 -- The Beekman Group-backed AutoManager Holdings Group, LLC ("AutoManager"), a provider of dealer management system and website builder tools to independent auto dealerships, has completed a merger between subsidiary AutoManager Acquisition, Inc. and A1 Software, Inc. (dba Selly Automotive) ("Selly"). Selly is a provider of customer relationship management ("CRM") software and also targets the independent auto industry. As part of the transaction, AutoManager provided Selly with a growth investment to support staff expansion and product development.

"We are thrilled to add the talented Selly team to the AutoManager platform and believe that the combined company will be better positioned to serve our customers and deliver outstanding products," commented Kami Tafreshi, CEO of AutoManager. "Going forward, we will remain focused on developing and / or acquiring the software tools that our dealership customers need to be as efficient and competitive as possible."

Zach Klempf, CEO and founder of Selly, commented, "This partnership is a fantastic outcome for Selly, its investors, and employees, and we look forward to working with AutoManager in pursuing an accelerated growth strategy. I congratulate the AutoManager team, led by Kami Tafreshi and Ali Afshar, on building such a strong dealership software platform, and we believe that Selly’s CRM will be a highly complementary addition."

Jim Clippard, Managing Director at Beekman, stated "This transaction is another key step in building a leading dealership software platform, and we believe that the merger will improve AutoManager’s software offering while creating multiple points of synergy across engineering, sales, and marketing. We look forward to supporting the combined team on the range of initiatives that we have developed as partners."

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Posted by Veronica Silva Cusi, news correspondent
Source: https://www.businesswire.com

Date Posted: Friday, June 24, 2022