Company profile: UpdatePromise
1.1 - Company Overview
Company description
- Provider of technology-based communications and consumer experience solutions for automobile dealerships, including a Consumer Experience Management System (CEMS); automated status messaging via text/email; fixed operations tools for scheduling, vehicle check-in and inspections; Intelligent Appointments; mobile and integrated payments, merchant processing; service financing; insurance and OEM-approved CSI surveys; data analytics; and video/photo-enabled recommendations.
Products and services
- PromisePay: Delivers a merchant processing service with integrated mobile payments and contact-free payment devices for automobile dealerships
- Consumer Experience Management System (CEMS): Architects a comprehensive system for automobile dealerships with automated status messaging via text and email, mobile and integrated payments, insurance and OEM-approved CSI surveys, data analytics, and video/photo-enabled recommendations
- Fixed Operations Solution: Constructs a suite for managing fixed operations, including appointment scheduling, vehicle check-in, inspections, and mobile payments.
Key contacts
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Financial details
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1.2 - Competitors and similar companies to UpdatePromise
Dealer Wizard
HQ: United States
Website
- Description: Provider of dealership-focused software solutions, including RetentionWizard to convert service drive customers into repeat buyers using data-driven insights; AlertWizard for timely insights and alerts to act at the optimal time in the ownership lifecycle; MobileWizard, a mobile app giving teams access to data and tools for engagement and sales optimization; and MarketingWizard for data-driven campaigns and communications.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Dealer Wizard company profile →
PDM Automotive
HQ: United States
Website
- Description: Provider of a real-time product information management platform for the automotive aftermarket, helping parts brands and resellers maintain and deliver accurate ACES and PIES product and fitment data across selling channels. Solutions include PIM, e-commerce tools, catalog content management, real-time data syndication, and sales and market analytics with intelligent automation to improve data quality.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full PDM Automotive company profile →
TRX Now
HQ: United States
Website
- Description: Provider of connected roadside assistance and logistics technology, including customizable assistance programs; TrxNow SaaS on Salesforce Service Cloud; fleet management and telematics integrations; NEXUS network management using augmented intelligence; dSaaS crowd-sourced digital dispatch via MaXcast; and tSaaS telematics for tailored job acceptance and driver activity monitoring.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full TRX Now company profile →
Prodigy
HQ: United States
Website
- Description: Provider of an end-to-end digital sales platform for auto dealers, enabling a modern, streamlined buying experience whether customers are at home, on their phone, or in the showroom, saving time on every sale while increasing trust and satisfaction.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Prodigy company profile →
Rinsed
HQ: United States
Website
- Description: Provider of easy-to-use customer relationship management software for the car wash industry, helping operators with best-in-class subscription management tools built specifically for their needs. Manages over 1 million subscribers for some of the country's largest car wash groups.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Rinsed company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for UpdatePromise
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to UpdatePromise
2.2 - Growth funds investing in similar companies to UpdatePromise
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4 - Top valuation comps for UpdatePromise
4.2 - Public trading comparable groups for UpdatePromise
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