openPR Logo
Press release

Webxloo LLC to acquire VERO Group LLC.

01-25-2017 05:53 PM CET | IT, New Media & Software

Press release from: Webxloo

Tampa, Florida Webxloo LLC’s subsidiary AUTOXLOO, a leading global provider of Dealer Management Solutions has entered a definitive agreement to acquire VERO Group LLC, a leading- edge systems provider of Auction Management Software. VERO’s AMS and AUTOXLOO’s SimcastsTM Simulcast, AuctionLinkTM Multi-Posting, VIRTM Vehicle Inspection Report, MPS Market Place System, RAWTM Responsive Auction Websites, ComplyAppsTM Compliance, CRM (Workflow & Escalation Tools), EMagTM, will give independent auto auctions a complete and Comprehensive suite of essential products and services critical to the wholesale space.
“The wholesale industry has been holding its breath in frustration far too long waiting for a unified solution” said Joe Kramer SVP of AUTOXLOO. He went on to say “Our combined product vision will accelerate our capabilities to serve the Auctions and build upon an already feature rich and stable platform.
The two companies share a similar open source methodology. VERO’s AMS is a single build architecture echoing the AUTOXLOO cloud technology for easy SAAS deployment of upgrades.
"History has taught our industry, poor system architecture and failed commitments result in immense risk and cost for Auction Owners and their stakeholders alike. I am thrilled to merge our AMS with the proven cloud services of AUTOXLOO" said Rick Wells President of VERO. He continued "We have assembled an extraordinary leadership team that can deliver mission critical and complex components as one integrated solution”.
Rick, will continue in an executive capacity with AUTOXLOO to further advance the AMS product. The integration of the product lines is in final beta testing and will be made available to all existing clients starting Feb 2017, with new installations in queue to begin March 2017.
“There is a fracture and deficiency in delivery by the current providers. Auction owners are waiting months to a year to receive an update or patch which would be intolerable of in any other software vertical. With this acquisition, independent Auctions will now have access to 30 products and 110 dedicated staff in the automotive space alone, making available more resources and tools than the current providers combined.” said David Vahman CEO of WEBXLOO LLC.

WEBXLOO was founded in 2005, as a high velocity software development organization with a growing footprint of clients and partnerships in over 7 countries worldwide. With core capabilities in Rapid Mobile Development and Innovative Enterprise Solutions for the Automotive (AUTOXLOO.com), Healthcare and Electronic Manufacturing sectors. Breadth of technology includes, Business Intelligence Tools, Predictive Behavioral Analytics, Live Video Engagement, Human Resources Information Systems and Competency Assessment Tools available as one integrated solution.
About VERO Group LLC
Founded in 2001, a 10-year member of the NAAA, VERO has a long and successful track record of providing the most user friendly AMS to Independent Dealer Auctions. Prior to founding The Vero Group LLC, Mr. Wells co-founded H.O. Software a turn-key billing and CRM solution for the cellular industry. In 2001 Verisign (VRSN - Nasdaq) acquired the company for 348 million dollars.

12151 62nd St N #9, Largo, FL 33773, USA

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Webxloo LLC to acquire VERO Group LLC. here

News-ID: 422155 • Views:

More Releases from Webxloo

Auction Streaming Is Unveiling The Latest Automation Tool: AI Virtual Agent
Auction Streaming Is Unveiling The Latest Automation Tool: AI Virtual Agent
TIRELESS Imagine a tireless Virtual Assistant that is available 24/7 to interact and respond to your clients needs. AI-POWERED Introducing the only Artificial Intelligent powered Agent for your business that can answer the specific questions and pull up the content of items purchased and sold by your client through your platform. MULTITASKING Whether there are just a few client inquiries or all your clients at the same time the AI "Bubble" Agent will engage and
AUCTION-ON-WHEELS REMOTE COLLECTOR CAR AUCTION SALES $1 MILLION OF VEHICLES SOLD IN 2 DAYS!
AUCTION-ON-WHEELS REMOTE COLLECTOR CAR AUCTION SALES $1 MILLION OF VEHICLES SOLD …
Auction Streaming successfully facilitated the sale of over $1 Million sold classic cars utilizing the latest CAMS unified technology. The Show Stoppers Collector Car Auction 2-day event was held at the World Equestrian Center in Ocala Florida, with nearly 100 collectible cars showcased and over 60% sold, with 15% to online buyers. Vehicles were added during the sales and even sold 30 minutes afterward on the block. The concept and efficiency

More Releases for Auction

Massive Growth of Global Agricultural Auction Market by 2030| ab-auction .com, B …
The Global Agricultural Auction Market Report comprises in-depth analysis that covers key regional trends, market dynamics, and provides country-level market size of the market industry. Some of the major aspects considered during the course of research included product description, product classification, industry structure, various participants in the Agricultural Auction Market, etc. The market report provides values of the historic period along with the forecast period and CAGR% measured for individual
Online Auction Market Size, Current and Future by 2021 to 2030(ATG, Auction Hous …
The global Online Auction market focuses on encompassing major statistical evidence for the Online Auction industry as it gives our readers a valuable addition on guiding them in encountering the obstacles surrounding the marketplace. A comprehensive addition of several factors such as global distribution, key manufacturers, market size, share and market factors that affect the global contributions are reported in the study. In addition the Online Auction market study also
Auction Services Market Worth Observing Growth | Poly Auction, Guardian Auction, …
HTF MI added a new research study on Global Auction Services Market in its repository, aims to offers a detailed overview of the factors influencing the worldwide business orientation and overall outlook. Study highlights recent market insights with disrupted trends and breakdown of Auction Services Market products and offering along with impact due to macro-economic headwinds and matured western countries slowdown. Quantitative statistics with qualitative reasoning are evaluated on Auction
Auction Services Market Focusing on Current Trends, Leading with Top Key Players …
The Auction Services Market report includes overview, which interprets value chain structure, industrial environment, regional analysis, applications, market size, and forecast. The report provides an overall analysis of the market based on types, applications, regions, and for the forecast period from 2020 to 2026. It also offers investment opportunities and probable threats in the market based on an intelligent analysis. This report focuses on the Global Auction Services Market trends, future
Auction Services Market Set for Rapid Growth During 2020 - 2024 | Sotheby's, Pro …
Auction Services Global Market Report 2020-2024 An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. The open ascending price auction is arguably the most common form of auction in use today. This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the
Online Auction Preview : Transforming the Auction World
Rise of Online Auction More than 2 decades later, the internet today possesses a massive amount of information on auction houses, auctions, and hundreds and thousands of items from around the world. The growth was inevitable. However, the unlimited amount of information out there might be a bit of a problem. Imagine being bombarded with websites catering to the same items without enough valid information. Say you want to bid for