RICHFIELD, Ohio — OEConnection L.L.C., a Richfield company that makes software that allows car and heavy truck dealers to sell original equipment parts to other dealers and repair shops, has bought a software company that specializes in body shop and collision industry optimization tools.
Terms of the acquisition of NuGenIT Inc., based in Lenexa, Kan., were not disclosed.
OEConnection said that privately held NuGenIT "provides integrated workflow applications for collision repairs, and data-mining and reporting capabilities for the collision and insurance industries."
An OEConnection spokeswoman said NuGenIT, founded in 2004, has about 25 employees. NuGenIT's website describes the company as being "funded with private investment capital."
Ike Herman, OE Connection's chief marketing officer, said in a statement that NuGenIT "brings high-quality collision market solutions and repair expertise that will help expand our value to the collision industry."
OEConnection serves 37 international auto brands, 30,000 dealers and more than 135,000 repair customers worldwide.
San Francisco private equity firm Genstar Capital last year acquired a majority stake in OEConnection, which was founded in 2000 as a partnership involving several original equipment manufacturers, including Ford Co. and General Motors, to provide technology to facilitate the sale of original equipment replacement parts between automakers and franchised dealers and their wholesale customers.