CRA Market News – USA
OEConnection (OEC), automotive technology provider for original equipment manufacturers’ (OEM) distribution networks, has acquired NuGenIT Inc., a software company specializing in body shop and collision industry optimization tools.
Headquartered in Kansas City, NuGenIT is an award-winning software firm that provides information management tools for the automotive repair industry. The company provides integrated workflow applications for collision repairs, and data mining and reporting capabilities for the collision and insurance industries.
As one the automotive industry’s leading providers of SaaS-based solutions for original equipment parts, OEC is known for its data management, ecommerce, pricing, supply chain, cataloging, service and business intelligence solutions, across North America, Europe and Asia Pacific. OEC offer solutions in each market segment, providing an unmatched suite of solutions that focus exclusively on OEMs, their dealer networks and repairers, according to the company. NuGenIT will add collision repair industry expertise to augment OEC’s growing collision business.
“We very much look forward to this partnership and are pleased to welcome NuGenIT to the OEC family. NuGenIT brings high-quality collision market solutions and repair expertise that will help expand our value to the collision industry,” said Ike Herman, OEC’s chief marketing officer. “I am excited to work with Pete and the NuGenIT team to help better serve the collective needs of our OEM, dealer and collision industry customers.”
“I am extremely proud of all that the NuGenIT team has accomplished and couldn’t be more excited about this next step in our evolution,” added Pete Tagliapietra, founder and president of NuGenIT. “OEC has a tremendous and successful track record of delivering solutions to body shops and automakers, and I look forward to what this partnership will mean for our collective customer base.”