MUSCATINE, Iowa (Jan. 6, 2005) — ASA Tire Systems Inc. has bought the western operations of Bandag subsidiary Quality Design Systems Inc. (QDS) in a deal that primarily involves the TireMaster software.
Since early last year, ASA had been the exclusive licensee of QDS to sell the TireMaster software, which is used by tire and auto service dealerships. With the deal, Bandag will retain QDS's eastern operations as a wholly owned subsidiary under the name Open Road Technologies Inc.
Terms of the deal were not disclosed.
In a statement, the companies said the sale allows them to focus on their key strengths. The TireMaster software fills a need for an entry-level product for ASA, and Bandag will achieve independence from accounting and point-of-sale vendors.
“The divestiture of the TireMaster product line to ASA ensures a focus on quality and development in the accounting/POS area,” said Mark Davison, chief information officer for Bandag. “This is an area in which ASA and other vendors have expertise.”