MILWAUKEE, Wis. – ARI Network Services Inc. (OTCBB: ARIS), a service provider for marketing and SaaS and DaaS solutions to connect consumers, dealers, distributors and manufacturers, announced that it has acquired the assets of Ready2Ride Inc. of Floyds Knobs, Ind., which provides enhanced aftermarket fitment data for the industry. Terms of the transaction were not disclosed.
“This acquisition is consistent with our strategy to grow the business both organically and through acquisitions. It strengthens our position as the premier provider of solutions that drive sales on dealer websites and across parts counters,” said Roy W. Olivier, president and CEO of ARI. “Ready2Ride is the first to market an aftermarket fitment data service to the powersports industry. Working together, we will accelerate the development of new solutions that are natural additions to dealers’ parts counters and websites. We believe this will help our customers dramatically increase online and in‐store sales of aftermarket parts, garments and accessories.”
Olivier said ARI will begin marketing Ready2Ride products to about 10,000 dealers in fiscal year 2013 before expanding into the marine industry in 2014.
"We share a common vision about the future and the critical role fitment data plays in driving retail and e-commerce transactions," said Jamie Longacre, president of Ready2Ride. "We now have the resources to accelerate innovation and enhance the value and scope of services across the industry.”
“While we do not expect the acquisition to have a significant impact on earnings per share in our current fiscal year, we do expect the acquisition to drive organic revenue growth in fiscal year 2013 and be accretive to shareholders beginning in fiscal year 2014,” added Darin Janecek, ARI chief financial officer.
Posted by Mary Slepicka