By ET Bureau - July 04, 2022 2 mins read
TARGIT, a leading provider of business intelligence software for small and medium-sized businesses, has announced that it will acquire CalmCo, a partner of long-time business intelligence solutions provider.
This next step in the partnership between TARGIT and CalmCo will pave the way for the continued development of solutions for CalmCo and enable its market expansion while supporting TARGIT’s strategic expansion into new key verticals and geographies. By collaborating, the two organizations will enhance their respective business intelligence capabilities and seek to develop new features for automotive dealerships and their end users.
“Our integration into the TARGIT ecosystem will allow us to strengthen our solution and services for existing customers, while expanding our market presence as part of a larger, more established organization,” said Luc Cos . , president of CalmCo.
CalmCo’s business intelligence as-a-service (BIaaS) platform is built on TARGIT’s business intelligence software and enables automotive customers to deploy an out-of-the-box business intelligence solution. Dealers can integrate CalmCo with their favorite dealership management systems (DMS) as well as all other operational platforms.
From there, users can access prebuilt dashboards, create custom dashboards, and generate reports that speed up operations and help them realize operational value from the get-go. CalmCo’s user-friendly solution combined with the company’s expertise in the automotive industry makes it the preferred partner of the largest automotive dealership groups and helps support TARGIT’s long-term business roadmap.
As Jakob H. Kraglund, CEO of TARGIT explains: “CalmCo’s solution and services for the automotive industry fit perfectly with TARGIT’s strategy and approach to customers in many other key verticals. We are thrilled to partner with CalmCo to offer market-leading, out-of-the-box business intelligence solutions that enable automotive dealerships to dramatically accelerate business intelligence time to value. »
The CalmCo team already has experience working within the TARGIT platform, so this acquisition represents a great opportunity for both organizations. CalmCo will continue to operate as its own business unit within TARGIT, meaning CalmCo customers will still have the CalmCo capabilities and team members they know and love at their disposal.
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