AutoTrader.com, a third-party auto classified-ad site, purchased vAuto Inc., a software company that specializes in used-vehicle inventory management tools. The price was not disclosed.
The deal was concluded Thursday, Sept. 16, said Dale Pollak, founder of vAuto and former Chicago-area Cadillac-GMC dealer.
vAuto will operate as a subsidiary of AutoTrader.com and remain in suburban Chicago. Pollak and Keith Jezek, vAuto's president, will continue to manage the company. The companies will collaborate on product development and customer training.
More than 3,000 dealerships use vAuto's products, Pollak says.