Kelley Blue Book is acquiring CDMdata and CDM Dealer Services of Minneapolis. The companies provide technology and services to help dealers manage used-vehicle operations.
CDMdata markets DigitalLotSolution, a hand-held device. The device has a bar-code scanner, a hand-held computer and a camera. When the vehicle identification number is scanned, it reveals details about the vehicle such as make, model, standard features and optional equipment.
The user can take photos of the vehicle and enter a price. The device sends the data electronically to CDMdata. The company then sends the information to the dealer's Web site or any third party Web site that the dealer chooses.
The device can be leased for three years for $695 a month or purchased for $6,495 and $595 a month for software.