Motive Retail Acquired by Steve Cottrell of Authenticom
LACROSSE, Wis., Dec. 6, 2022 /PRNewswire/ -- Steve Cottrell, Founder and CEO of Authenticom, has acquired Motive Retail, a leader in Integration for the automotive retail experience. Both companies work to solve data problems in the automotive industry, helping their partners and clients to succeed to their fullest potential.
"Today's Automotive market requires strong options and sophisticated systems to meet the demands of OEM's, retailers, and consumers. For many years, these two companies have had a separate yet common vision of what this truly means in the Automotive industry," said Authenticom Founder and CEO, Steve Cottrell. "Now, Authenticom and Motive have the combined ability, with greater resources, to work collaboratively to provide clients the full continuum of retail data integration solutions."
"Steve shares our vision and passion for the industry, we knew this shared ownership would be beneficial," said Motive Co-Founder and Principal, Kim Campassi. "Both companies will continue working separately, with no change in operations for our respective clients." She went on to explain that employees at both companies will remain in their positions, and roles are not changing.
Motive Co-Founder and Pricipal Dan Seats agreed, "We may tap into specific Authenticom products where it makes sense to support our customers, but we're going to run and build our business, and they will run and build theirs. It's a perfect relationship at just the right time."
The sharing of Authenticom and Motive Retail's complimentary products and platforms will further simplify the collection, enhancement, validation, and syndication, and real time exchange of the data that currently drives the market. Both companies have vowed that nothing will change as they both continue to help their partners continue to succeed.
Presidio Technology Partners acted as financial advisor on the Transaction.
Authenticom is a privately held company launched in 2002. As a leader in data management services, Authenticom has expanded its family of products to support the changing environment surrounding data. Their mission is to connect the world to data through data visibility, transparency, and control. This allows organizations to leverage the power of data to drive their business operations.
For more information about Authenticom and services available, visit: www.authenticom.com.
About Motive Retail
Motive Retail is a leading integrator focused on modernizing the automotive retail experience by enabling real-time data flow between all parties in the ecosystem. Our high-performance platform leverages a catalog of common industry APIs, which are based on the STAR data standards. Leading with built-in automation tools and expert support to streamline the integration process, so you can optimize business operations, staff efficiency, customer service, and data integrity.
For more information about Motive Retail and available products, visit: www.motiveretail.com
Contact: Lindsey Gallagher, Director of Product and Marketing
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SOURCE Authenticom, Inc.
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