Adesa-AFC Parent Acquires Stratim

KAR Auction Services, Inc. a global vehicle remarketing and technology solutions provider, announced the acquisition of mobility and fleet management software company Stratim. KAR owns Adesa auctions and Automotive Finance Corp. (AFC).

Stratim co-founder Sean Behr, who spoke at the 2017 Fleet Forward Conference, assumes the role of Stratim's president.
Stratim co-founder Sean Behr, who spoke at the 2017 Fleet Forward Conference, assumes the role of Stratim's president.

The addition of Stratim supplements KAR’s broad portfolio of wholesale used vehicle physical, online and digital auction marketplaces and ancillary service providers. The acquisition also expands the company’s presence into the rapidly growing market of on-demand car and ride sharing services, urban commute providers and autonomous vehicles, the company said in a statement.

“As the automotive industry continues to transform, we’re making meaningful investments in technology, data and analytics to meet the evolving needs of our customers and expand market opportunities,” said Jim Hallett, chairman and CEO of KAR. “Stratim’s first-of-its kind mobility management solution is already supporting the fleets of some of our commercial customers, and this is a natural extension of those relationships. We look forward to delivering integrated products and services through Stratim and fortifying our presence in the mobility space.”

San Francisco-based Stratim was founded in 2016 by a team of technology innovators from Google, eBay and Trulia with experience building platform and infrastructure technology. Stratim’s software utilizes real-time data and predictive analytics to digitize fleet management and help mobility service providers streamline operations.

Fleet owners can onboard, manage, service, dispatch and pay all their current vendors through Stratim’s automated vendor management platform. Stratim operates in more than 25 North American cities and has processed service transactions for many of the nation’s leading mobility service providers and automotive manufacturers.

“Stratim enables automotive companies to succeed in the new age of use-based transportation,” said Sean Behr, Stratim founder and president. “KAR shares our entrepreneurial spirit and has the resources to fuel our continued growth and expansion. We’re thrilled to join the KAR family and deliver technology and innovation that power our customers’ fleets.”

Stratim will maintain its current headquarters in San Francisco, and will be part of KAR’s digital services group. Sean Behr assumes the role of Stratim’s president.

“KAR is continuously scanning the automotive eco-system to identify solutions that modernize processes and enhance the customer experience,” said Don Gottwald, chief operating officer and chief strategy officer at KAR. “Integrating Stratim’s fleet management technology into KAR’s platform will give our customers a cost-effective, end-to-end, data-driven solution for better managing fleet vehicle service and optimizing logistics.”

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

What a Connected Fleet Means to Avis (and Car Rental)

Counter bypass is just the beginning. The promise of a “data-driven ecosystem” that connects renters with the rental agency, retail services, and even the city is a better managed fleet, an improved user experience, and new revenue opportunities during the rental itself.

Should Peer-to-Peer Renters Pay Airport Car Rental Fees?

The question is central to the City of San Francisco’s lawsuit against Turo for operating without a permit at San Francisco International Airport.

Hard Times Ahead for the Compact SUV Segment?

The hottest segment today is facing a glut of models and volume in tomorrow’s wholesale market.

Job Finder: Access Top Talent. Fill Key Positions.

>