About DealerSocket
DealerSocket is a company based in San Clemente (United States) founded in 2001 was acquired by Solera in May 2021.. The company has 464 employees as of April 08, 2024. DealerSocket has completed 3 acquisitions, including Auto/Mate Dealership Systems, DealerFire and FEX DMS. DealerSocket offers products and services including CRM, RevenueRadar, DealerFire, PrecisePrice, and Inventory+. DealerSocket operates in a competitive market with competitors including Upstart, Reynolds and Reynolds, Tekion, CDK Global and Seez, among others.
- Headquarter San Clemente, United States
- Employees 464 as on 08 Apr, 2024
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Dealersocket (India) Private Limited
- Date of Incorporation 23 Aug, 2019
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$14.17 M (USD)54.33as on Mar 31, 2023
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Net Profit
$1.27 M (USD)66.9as on Mar 31, 2023
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EBITDA
$2.28 M (USD)48.77as on Mar 31, 2023
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Latest Funding Round
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Investors
Solera
& 1 more
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Employee Count
464
as on Apr 08, 2024
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Investments & Acquisitions
Auto/Mate Dealership Systems
& 2 more
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Acquired by
Solera
(May 17, 2021)
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Products & Services of DealerSocket
DealerSocket offers a comprehensive portfolio of products and services, including CRM, RevenueRadar, DealerFire, PrecisePrice, and Inventory+. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform to streamline sales and marketing for dealerships
Tool to mine data and target past customers for sales
Solutions for responsive websites and online engagement
System for configuring deals and increasing gross profit
Software to optimize inventory decisions and profits
DMS for automated workflows and secure data handling
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Software Development Team
118 people
Data Analysis and Operations Team
33 people
Product Management Team
31 people
Leadership Team
22 people
Senior Team
18 people
Sales and Marketing
16 people
Operations Team
12 people
Legal and Compliance
10 people
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Funding Insights of DealerSocket
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2014 | Amount | Private Equity Round - DealerSocket | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DealerSocket
DealerSocket has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Solera and Vista Equity Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are directed toward high-growth enterprise software and technology companies.
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Founded Year | Domain | Location | |
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Integrated automotive software solutions are provided for enhanced efficiency.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DealerSocket
DealerSocket has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Auto/Mate Dealership Systems, DealerFire and FEX DMS. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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SaaS-driven management solutions are provided for auto-dealerships.
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2001 | ||||
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Marketing solutions for auto-dealers, including websites and campaigns, are provided.
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1999 | ||||
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DMS software services are provided to US auto dealerships.
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1986 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - DealerSocket
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Dealersocket Comparisons
Competitors of DealerSocket
DealerSocket operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Upstart, Reynolds and Reynolds, Tekion, CDK Global and Seez, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Diversified loans are provided via an AI-enabled online marketplace.
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| domain | founded_year | HQ Location |
Software and services for automotive dealership retailing are provided.
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| domain | founded_year | HQ Location |
AI and cloud-driven systems for auto dealership management are provided.
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| domain | founded_year | HQ Location |
Cloud-driven management systems for auto dealerships are provided.
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| domain | founded_year | HQ Location |
Developer of an online P2P marketplace for used cars
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| domain | founded_year | HQ Location |
Dealership management solutions are provided for automotive dealers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Dealersocket
Frequently Asked Questions about DealerSocket
When was DealerSocket founded?
DealerSocket was founded in 2001 and raised its 1st funding round 13 years after it was founded.
Where is DealerSocket located?
DealerSocket is headquartered in San Clemente, United States. It is registered at San Clemente, California, United States.
How many employees does DealerSocket have?
As of Apr 08, 2024, the latest employee count at DealerSocket is 464.
What is the annual revenue of DealerSocket?
Annual revenue of DealerSocket is $14.17M as on Mar 31, 2023.
What does DealerSocket do?
DealerSocket was founded in 2001 and is headquartered in San Clemente, United States. Operations focus on the automotive sector, where a comprehensive platform is provided to dealerships. This platform encompasses tools for marketing, sales, service management, customer experience enhancement, and data mining. Dealerships are supported in streamlining processes through integrated digital solutions tailored to industry needs.
Who are the top competitors of DealerSocket?
DealerSocket's top competitors include Upstart, Reynolds and Reynolds and Seez.
What products or services does DealerSocket offer?
DealerSocket offers CRM, RevenueRadar, DealerFire, PrecisePrice, and 2 more products and services.
How many acquisitions has DealerSocket made?
DealerSocket has made 3 acquisitions, including Auto/Mate Dealership Systems, DealerFire, and FEX DMS.
Who are DealerSocket's investors?
DealerSocket has 2 investors. Key investors include Solera, and Vista Equity Partners.