MUSCATINE, Iowa (May 18, 2000)—Bandag Inc. has purchased Quality Design Systems Inc. (QDS) in Eagle, Idaho, a developer of tire and automotive service software. Terms of the acquisition, announced on May 16, were not disclosed.
Privately-held QDS was founded in 1990 and currently has 38 employees. QDS will be operated as a wholly owned subsidiary, Bandag said, retaining its name, employees and management team.
QDS is the developer of the TireMaster line of business software designed for tire and auto service dealerships. TireMaster performs inventory, point-of-sale and accounts receivable functions for single and multi-location dealerships.
Another QDS product, CyberWheels, is a point-of-sale touch-screen wheel selection program that allows customers to see their car with custom wheels and creates a color printout for the customer to keep.
In a prepared statement, Bandag Chairman and CEO Martin G. Carver said the acquisition, "both expands and accelerates Bandag´s ability to provide dealers with innovative, state-of-the-art software."
Mr. Carver said there is virtually no overlap between QDS´ products and the SystemBandag tire tracking management software marketed by the retreader.
SystemBandag is a proprietary tire tracking and inventory management system for commercial dealers and retreaders that was introduced in 1996.
"The complementary fit between the two companies means that we can accelerate growth in QDS´s tire and auto care markets as well as accelerate the development of SystemBandag software," he added.
"I can envision all kinds of synergy between QDS and Bandag," said QDS President Jim Blackburn. QDS will have the opportunity for growth in the commercial markets and fleet customers through access to Bandag´s "strong, customer-focused dealer network" he said.