Valsoft Corporation has bought ASE Automotive Solutions for an undisclosed sum.
For nearly 50 years, ASE has been working with the world’s leading automotive brands and their dealer networks to drive profitability, mitigate business risk and improve operational performance.
Rob Jones (CEO), Mike Fazal (CCO) and the global leadership team will continue to lead the business and will drive the product and company forward.
The ASE and Valsoft team wish to thank the founding shareholders Trevor, Beryl and Mike Jones for their dedication and contributions to building a premier name in the automotive space. Additionally, Trevor Jones will continue to chair the Automotive Fellowship International.
Rob Jones, CEO said: “We are very excited about partnering with Valsoft to bring their software expertise and investment into ASE. This partnership will enable us to further develop our global technical solutions, helping our clients to maximise profitability from their automotive retail operations.”
Valsoft CEO Sam Youssef said: “We’re extremely excited to enter the automotive vertical with one of the leaders in the space.
“We are confident that with ASE’s track record and team, along with our software expertise, customers will greatly benefit from the innovations to come. We intend to consolidate this market with ASE, and we are planning to continue investing heavily in the space.”
On LinkedIn Mike Jones said: “Very excited to announce the acquisition of ASE plc by Valsoft Corp. It’s been an amazing 20 years and I am very proud with what we achieved with ASE and look forward to seeing it prosper as part of Valsoft. Now I have decided to take the opportunity to begin a new chapter within the fascinating, ever-changing world of Automotive Retail.”