MILWAUKEE, April 28, 2015 (GLOBE NEWSWIRE) -- ARI Network Services, Inc. (Nasdaq:ARIS) announced today that it has acquired the assets of TASCO Corporation and its affiliated company Signal Extraprise Corporation (collectively "TASCO"). TASCO's business management software suite is designed exclusively for retailers, repair centers, wholesalers, distributors and re-manufacturers in the automotive tire and wheel aftermarket. Terms of the transaction were not disclosed.
"The acquisition of TASCO consolidates two industry-leading business management software platforms, cementing our position as the most complete technology provider in the automotive tire and wheel aftermarket," said Barry D. Reese, VP and GM of TCS Technologies, an ARI Company. "This will not only result in an immediate increase in market share, but will serve as a catalyst for growth, allowing our current customers and prospects in the automotive tire and wheel vertical to benefit from our expanded product portfolio."
TASCO has served the automotive tire and wheel aftermarket since 1992 with its flagship business management software, TireWorks® HD, which integrates with TASCO's TireTrader® and TireDataCentral™, as well as other leading aftermarket-specific information and service providers. TASCO additionally serves the tire re-manufacturing market with its TireTracker™ retread management software and tire wholesalers with its TireWorks® Wholesale business management system.
TASCO's technology tools are utilized by more than 380 locations in the U.S. and Canada and will join ARI's suite of automotive tire and wheel aftermarket technology solutions sold under the "TCS Technologies, an ARI Company" brand name. TASCO will continue operations out of its headquarters located in Wexford, Pa., and TASCO CEO Aidan J. McKenna will assume the role of Executive Director – TireWorks, TCS Technologies, an ARI Company.
"At TASCO, our mission is to develop, deploy and support information systems that contribute to the growth and profitability of tire dealers and automotive service centers," said McKenna. "By coming together with ARI, we will continue to fulfill on that mission. In addition, we will immediately be able to provide a much wider range of complete technology solutions for enterprises of any size – from a single-location tire dealer to a large-scale tire re-manufacturing operation – solidifying ARI's position as the leading automotive tire and wheel technology provider."
"The acquisition of TASCO demonstrates our continued commitment to create shareholder value through a combined strategy of organic growth and strategic acquisitions," said ARI President and CEO Roy W. Olivier.
ARI Network Services, Inc. (ARI) (Nasdaq:ARIS) offers an award-winning suite of data-driven software tools and marketing services to help dealers, equipment manufacturers and distributors in selected vertical markets Sell More Stuff!™ – online and in-store. Our innovative products are powered by a proprietary data repository of enriched original equipment and aftermarket electronic content spanning more than 17 million active part and accessory SKUs and 750,000 equipment models. Business is complicated, but we believe our customers' technology tools don't have to be. We remove the complexity of selling and servicing new and used vehicle inventory, parts, garments and accessories (PG&A) for customers in the automotive tire and wheel aftermarket, powersports, outdoor power equipment, marine, home medical equipment, recreational vehicles and appliance industries. More than 23,500 equipment dealers, 195 distributors and 3,360 brands worldwide leverage our web and eCatalog platforms to Sell More Stuff!™ For more information on ARI, visit investor.arinet.com.
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CONTACT: For media inquiries, contact: Colleen Malloy, Director of Marketing, ARI, +1-414-973-4323, firstname.lastname@example.org Investor inquiries, contact: Steven Hooser, Three Part Advisors, +1.214.872.2710, email@example.com
Source:ARI Network Services Inc