Released yesterday on the CXZ blog page: https://connexionltd.com/2021/11/16/infomedia-teaming-agreement/
Infomedia Ltd (ASX:IFM) is a $540m company.
Article copied below."Connexion Telematics Ltd (“CXZ”, “Connexion” or “the Company”) is pleased to advise of a Teaming Agreement (“Strategic Alliance”) signed with global automotive software company Infomedia Ltd (“Infomedia”).
The Strategic Alliance follows Connexion’s strategy of partnering with high-quality software providers servicing the US automotive industry with products complementary to OnTRAC & CXZTRAC.
Based in Sydney, Australia, Infomedia is a SaaS platform provider of parts, service and data insights solutions to the global automotive industry. Infomedia has led innovation in aftersales technology within global automotive distribution networks for more than 25 years and continues to expand its reach within the three regions in which it operates.
Within a Dealership, the software platforms of Infomedia and Connexion sit adjacent to one another. Put simply, Infomedia powers the initial Service Lane experience, whilst Connexion enables the resulting Courtesy Vehicle experience.
In the US, the OEM customer base of both parties is largely complementary, and the Strategic Alliance allows both parties to cooperate and work together on particular projects to enhance each party’s products and services."
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