S&P Global Mobility Enhances Data and Product Offerings with Acquisition of Market Scan

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Addition of Industry Scan’s details and payment calculations
strengthens S&P World Mobility’s Product sales Optimization applications,
positioning S&P Worldwide Mobility to speed up in new growth
markets

S&P World-wide Mobility has declared the acquisition of Market
Scan Details Techniques, Inc., a main provider of automotive
pricing and incentive intelligence, such as Automotive Payments
as a Service™ and its potent payment calculation engine.

The addition of Sector Scan to S&P International Mobility will
permit the integration of thorough transaction intelligence in
parts that are complementary to current providers for sellers,
OEMs, loan providers, and other sector contributors.

“We are thrilled to increase Market Scan to the S&P Worldwide
Mobility products spouse and children. The acquisition adds effective new datasets
and capabilities to S&P World wide Mobility that will allow us to
build even additional value for our shoppers and energy a following era
of digital automotive retail possibilities,” said Joe LaFeir,
president of Automotive Insights at S&P Global Mobility. “As
the electronic landscape carries on to evolve in assistance of far more strong
info informing the car or truck buy approach, the integration
of Marketplace Scan solutions and options into the S&P Global
Mobility and automotiveMastermind portfolios will supply
further price for joint customers right now and new clientele into the
foreseeable future as new alternatives are built.”

“Mastermind is thrilled about the opportunity to use Industry Scan’s
choices to strengthen our prediction pricing precision and marketing and advertising
engagement for our seller companions,” said Matt Leone, chief
executive officer at automotiveMastermind.

“When my father and I commenced Market Scan, we in no way thought
capturing the focus of industry-top giants was a
probability – we were simply concentrated on selling desking application to
automobile dealers. Now, about a few many years afterwards, we have been obtained
by one of the biggest and most highly regarded organizations in the globe,”
reported Rusty West, president, and main executive officer of Market
Scan, who will continue to be with S&P World-wide Mobility to push
productive integration and products innovation. “I am quite energized
that Industry Scan has joined the S&P World wide loved ones. Our values
and visions are correctly aligned, positioning us to collectively
evolve automotive commerce in ways never ever ahead of imagined. I am
incredibly proud of our Current market Scan family customers for all they have
completed. Their expertise, dedication, and vision have been and
will keep on to be, an critical aspect in creating solutions for
some of the most tricky issues in the sector.”

Fiscal conditions of the offer had been not disclosed. KPMG Company
Finance, RL Frey, Inc. and MW Juron Automotive provided external
consultancy to Market Scan for the sale.

About S&P World wide Mobility
At S&P Global Mobility, we offer invaluable insights derived
from unmatched automotive knowledge, enabling our consumers to
anticipate change and make decisions with conviction. Our abilities
can help them to improve their corporations, achieve the suitable shoppers,
and shape the foreseeable future of mobility. We open up the door to automotive
innovation, revealing the purchasing styles of now and assisting
customers prepare for the rising systems of tomorrow.

S&P Worldwide Mobility is a division of S&P Global (NYSE:
SPGI). S&P Worldwide is the world’s foremost service provider of credit rating
rankings, benchmarks, analytics, and workflow remedies in the
world-wide cash, commodity and automotive markets. With each and every one of
our choices, we assist a lot of of the world’s main organizations
navigate the economic landscape so they can strategy for tomorrow,
currently. For more data, take a look at https://www.spglobal.com/mobility/

About Current market Scan
Industry Scan® is the major Automotive Payments as a Service™
company for the automotive sector. APaaS™ is the selection of
sector leaders and retail powerhouses to make Scientifically
Best Payment Solutions™ for any conceivable automotive
transaction. APaaS™ powers modern day retailing solutions online – and
in additional than 10,000 dealerships. APaaS™ analytics and retailing
methods enable automotive sellers, loan providers, producers,
engineering firms, and marketing and advertising firms to enhance profitability,
obtain market place share and offer consumers with a vastly improved
procuring working experience. For extra info, stop by https://www.marketscan.com/.

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