What’s next for DealerSocket? It seems that this question, as well as speculated answers have dotted the web recently. Here at DrivingSales News, we have your answer, straight from the source. Jonathan Ord, co-founder and CEO of DealerSocket sat down with the CEO of DrivingSales, Jared Hamilton to discuss what’s on the horizon for his company, beginning with rumors that they are going to be acquired.
Jared Hamilton: There’s lot of news in the industry, lots of discussion around DealerSocket today, that you might be potentially getting acquired or selling the company, can you explain what’s the deal, what’s with the noise, there’s smoke, is there fire?
Jonathan Ord: Yeah, I love rumors. It’s great to be so thought-of and to have so much discussion about our company and what we do. Just to set the record straight, we are swapping out a financial partner. We’re partnering with Vista Equity Partners. They’re a 13 billion-dollar private equity firm. Great, great guys. Matt and Cameron and myself and Brad and Darin Harris, all the key management players are all still here and we still own, just a little bit under half of the company. So, its really a financing event to do some great things for our employees, to do great things for us personally, and really get back into the trenches.
Be sure to stay tuned to DrivingSales.com where in the coming days we will have more information for you on the partnership between DealerSocket and Vista Equity as well as more information from the interview between Jared Hamilton and Jonathan Ord.