ARI acquires TCS Technologies

MILWAUKEE (Oct. 1, 2014) — ARI Network Services Inc. has acquired TCS Technologies, a provider of software, websites and digital marketing services designed exclusively for dealers, wholesalers, retreaders and manufacturers within the automotive tire and wheel vertical.

ARI, a software, website and data solutions provider, said the terms of the transaction were not disclosed.

“ARI's growth strategy continues to be fueled by a combination of organic growth and strategic acquisitions,” said Roy W. Olivier, the company's president and CEO.

The acquisition of TCS aligns with ARI's strategy because it “consolidates our position as the leading provider of eCommerce-enabled websites and digital marketing services in the automotive tire and wheel industry,” he said.

“At TCS, we pride ourselves on our industry-wide reputation for providing efficient and effective technology solutions,” Mr. Reese said.

“Together with ARI, we will innovate faster to create comprehensive solutions at a pace that is unmatched by our competition.”

ARI CFO William Nurthen added that the company expects the TCS acquisition to “generate incremental revenue of approximately $5 million and be accretive to EBITDA for fiscal 2015.”

ARI previously acquired 50 Below Sales & Marketing Inc., a provider of eCommerce websites to the tire and wheel aftermarket, in 2013, after acquiring in  November 2012 the assets of 50 Below's retail division, which included more than 3,500 dealer websites. That move more than doubled the size of ARI's website business.