New Owner Takes Wheel of Autobase

Indianapolis Business Journal (July 09, 2007)

Author: Olson, Scott
Vol: 28, Issue: 18
Permanent Link: http://vlex.com/vid/new-owner-takes-wheel-of-autobase-64074554
Id. vLex: VLEX-64074554

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Summary:

The financial backing of Boston-based VC firm Summit Partners and the guidance of veteran technology executive W. Scott Webber-best known locally as the former CEO of Software Artistry Inc. - enabled Autobase to more than double its annual revenue to $20 million during the three-year span. Adding Autobase to its stable makes good sense for Dominion, said Thilo Koslowski, vice president and lead automotive analyst at Stamford, Conn.-based technology research firm Gartner Inc. "That's the beauty of it for dealers; it makes it easier to source [the auto subsidiaries] rather than having to establish different relationships with a dozen of them," he said.

Extract:

New Owner Takes Wheel of Autobase

When Bryan Anderson sold part of Autobase Inc. in 2004 to a venture capital firm, the owner of the marketing-software maker felt as though he had sent his unruly youngster off to boarding school to become more responsible.

Three years later, after convincing results and a subsequent sale to Virginia-based Dominion Enterprises, Ro...



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