February 26, 2015
SAN CLEMENTE, Calif.-February 26, 2015-DealerSocket today announced the acquisition of FEX DMS, a powerful automotive dealer management system (DMS) for Independent dealers.
Established in 2001, FEX DMS is the first and only fully integrated, web-based automotive DMS that includes an integrated loan-servicing platform designed exclusively for Independent dealers.
"FEX DMS has established proven solutions that are simple, powerful, and affordable for Independent dealers," said Jonathan Ord, CEO of DealerSocket. "They are very passionate about the day-to-day operations in the automotive industry. Being a pioneer and powerful addition for the independent space, FEX DMS has helped large and small Independent dealers grow relationships with their customers. This acquisition is just another step in authenticating our ability and dedication in providing the best solutions needed to make life simpler and more affordable for dealerships within the Independent market."
"We are pleased with the opportunities that this partnership creates," said David Huber, president and CEO of Finance Express. "It particularly helps with the ability to more aggressively promote and distribute our best-of-industry dealer management software."
The FEX DMS suite of products is a highly integrated technology solution of a robust inventory management system, sophisticated deal processing, unsurpassed BHPH module, high powered lender portal connectivity, comprehensive electronic payment system, and a full featured reporting engine. The comprehensive program provides dealers online access to a single, seamless solution and insures a safe and secure environment for participating lenders.To learn more about DealerSocket's acquisition of FEX DMS, call 866-599-2007.
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