J.D. Power has bought automotive software provider Inventory Command Center (ICC). The acquisition will be integrated into J.D Power’s Autodata Solutions division.
Analytics company J.D. Power looks to combine ICC’s automotive inventory technology with their own vehicle valuation tools to provide a comprehensive database to stakeholders, according to J.D. Power president and CEO Dave Habiger. With online marketing and the increase in electric vehicles, vehicle inventory merchandising plays an important role and the ICC purchase strengthens J.D. Power’s position in the market.
Portico Capital Securities served as financial advisor to ICC.