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Why Reynolds and Reynolds Are Considering Further Acquisitions

retail technology giant Reynolds & Reynolds, Inc. The company is still exploring acquisitions after acquiring two companies last month, and more deals are on the way this year, said president Chris Walsh. car news.

Walsh said first car news In February, the company look for acquisitions In 2022, as part of a larger plan to strengthen our product portfolio and products. Since then, the Dayton, Ohio-based dealer management systems provider has completed two acquisitions.

In early July, Reynolds acquired Motility Software, which sells dealer management software to powersports and other specialty retailers. A definitive agreement to the acquisition was subsequently reached on July 29. Proton Dealer ITa cybersecurity and information technology product and service provider.

But Reynolds isn’t done.

“We have a lot of things we’re looking at right now. Again, there’s an opportunity in the automotive industry to kind of diversify and get into a big area that’s not our core competency, but it’s still big. I think there’s a need,” Walsh said. “Proton is a perfect example of that.”

cyber security tools Currently in demand at retailerswhich is why the company has tried to make a move in that area, he said.

“It’s not what we’re nearly as good at [Proton is] On that basis, it makes sense to partner and leverage the resources and services they already had,” Walsh said.

Reynolds is also looking at the finance and insurance sector for acquisition opportunities, he said.

the company bought Retail Technology Vendor Gubagoo A deal that Walsh described last year as “huge.”

https://www.autonews.com/retail/why-reynolds-and-reynolds-looking-more-acquisitions Why Reynolds and Reynolds Are Considering Further Acquisitions

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