Valsoft Corp. Inc., a Montreal-based company specializing in the development of vertical market software businesses, has announced the acquisition of Navotar, a cloud-based car rental software provider.
Founded in Mississauga, Ontario by Sanker Shivanathan, Navotar’s software program serves vehicle rental businesses globally, including cars, boats, RVs, and scooters.
In 2018, Valsoft acquired Bluebird Auto Rental Systems and Thermeon Worldwide Ltd., two car rental software providers serving customers across 50 countries. Valsoft's car rental portfolio is operated by Aspire Software, which the Navotar management team will join to continue serving Navotar customers.
"Navotar has gained great recognition in the car rental space for providing customer-centric solutions and world-class customer support," said Shivanathan. "Being part of the Valsoft car rental family will accelerate Navotar's market proposition to further benefit customers, partners, and employees. I'd like to thank Valsoft and Aspire Software for a smooth acquisition process and look forward to bringing Navotar to new heights."
"We are thrilled to welcome the Navotar team, clients, and partners to the Aspire Software family,” said Michael Assi, CEO of Aspire Software. “The team and culture are well aligned with our values, which has also made this transaction seamless. … This strategic acquisition is fully in line with Aspire Software's vision to be the global market leader and reaffirms our strong commitment to continue investing substantially in the car rental industry to drive innovation and digital transformation."