Call Center Scheduling Feature Article
June 30, 2011
Keating Capital Invests $3 Million in Xtime
By Anuradha Shukla, TMCnet Contributor
Keating Capital has invested $3 million in the Series F Preferred Stock round of Xtime, a software as a service provider of Web scheduling and CRM solutions for automotive service departments.
“We are pleased to lead Xtime’s Series F Preferred Stock round and to further diversify our portfolio. Xtime is our fourth portfolio company investment in 2011, and the eighth since we launched the fund last year,” said Timothy J. Keating, Keating Capital’s CEO.
“It is also the first time that we have acted as the lead investor, and Xtime is our first investment in the software space. At $3 million, our Xtime investment is our largest to date and slightly above the $2.5 million of each of our three investments in the first quarter of 2011.”
Founded in 1999 and headquartered in Redwood Shores, California, Xtime has enrolled more than 3,000 dealerships since the launch of its ServiceCRM platform.
This platform, notes Keating Capital, automates and integrates all Xtime products into a unified solution for fixed operations.
Xtime offers a range of products including Smartphone, dealership and call center scheduling, and certified dealer management system integration.
Several automobile original equipment manufacturers turn to Xtime for their requirements including Lexus, Mercedes-Benz, Infiniti, Volkswagen, Toyota Canada, Hyundai, Chrysler, Nissan, Audi, BMW and Toyota U.S.
Many known dealership groups including AutoNation and Group 1 Automotive also have contracts with Xtime.
Read a related article at TMCnet “Harvest Power Receives Investment from Keating Capital.”
Anuradha Shukla is a contributing editor for TMCnet. To read more of her articles, please visit her columnist page.