I'Car Systems Groupe
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I'Car Systems Groupe - overview
Established
1979
Location
-, -, France
Primary Industry
Software
About
I'Car Systems Groupe is a French technology company that develops software solutions for the automotive industry, focusing on enhancing dealership operations and customer interactions through innovative digital tools. I'Car Systems Groupe specializes in software solutions for original equipment manufacturers and automotive dealerships. Founded in 1979 and headquartered in France, the company was acquired by Providence Equity Partners from Argos Wityu in September 2019. The founder's details are not publicly available, and there is no mention of subsidiaries or previous mergers.
I'Car Systems Groupe offers a Dealer Management System (DMS) designed to optimize dealership operations, including sales, inventory management, customer relationship management (CRM), and after-sales services. Their Digital Dealership Solutions (DDS) incorporate advanced technology to improve marketing efforts and customer engagement throughout the sales process, targeting a range of clients from automotive dealers to manufacturers across Europe. In the most recent year, 2020, I'Car Systems Groupe reported a revenue of USD 20. 33 mn and an EBITDA of USD 4.
95 mn. Their revenue model primarily involves subscription-based services, where clients, including OEMs and automotive dealerships, engage in agreements that provide access to their software solutions, ensuring ongoing revenue through annual or monthly subscriptions. Looking ahead, I'Car Systems Groupe plans to enhance its product offerings with new software solutions targeting the evolving needs of the automotive sector. The company aims to expand into additional European markets by 2024, utilizing resources from its most recent acquisition by Providence Equity Partners in September 2019 to fuel this growth.
Specific upcoming product launches and detailed financial utilization strategies from this deal have not been disclosed.
Current Investors
Providence Equity Partners
Primary Industry
Software
Sub Industries
Application Integration Software, Content Management Software
Website
www.icarsystems.fr
Company Stage
Mature
Total Amount Raised
Subscriber access only
I'Car Systems Groupe - financials
| Fiscal Year Ended | Sep 30, 2016 | Sep 30, 2017 | Sep 30, 2018 | Sep 30, 2019 | Dec 31, 2020 |
|---|---|---|---|---|---|
| Revenue (USD) | 11,575,199 | 13,574,325 | - | - | - |
| % Revenue Growth (YoY) | - | 17.3% | - | - | - |
| EBITDA (USD) | 463,511 | 982,041 | - | - | - |
| Operating Income (USD) | 399,376 | 916,142 | - | - | - |
| Operating Margin | 3.5% | 6.7% | - | - | - |
| % EBITDA Margin | 4.0% | 7.2% | - | - | - |
| NET Income (USD) | 9,427 | 772,181 | - | - | - |
| % Net Margin | 0.1% | 5.7% | - | - | - |
I'Car Systems Groupe - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | I'Car Systems Groupe | - | ||||||||
| Buyout | Completed | I'Car Systems Groupe | - | ||||||||
| Add-on | Completed | Datafirst SAS | - | ||||||||
| Buyout | Completed | I'Car Systems Groupe | - |
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