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Tuesday, May 30, 2023

5square Inks Deal for Distribution

5square Systems, a developer of software for automotive dealerships, has inked a deal with gedas, an international IT supplier to the automotive industry. Under the terms of the deal, gedas, a division of the Volkswagen Group, will offer DealSnap and DealerView, 5square’s main products, to its customers. Gedas generated worldwide sales of $675 million last year. Financial terms of the partnership were not disclosed, but the deal could go a long way to helping 5square, a relatively new company, establish distribution for its products. gedas USA will resell the two 5square applications to its customers in the United States and Canada. DealSnap software manages the process of selling a car and DealerView provides data analysis to dealers.

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