Entry in 2013
Exit in 2019
Buyer: Providence Strategic Growth (“PSG”)
I’Car Systems and DATAFIRST are the leading French software development companies for automotive manufacturers and dealers.
Since Argos Wityu’s acquisition in 2013, revenues at I’Car Systems have grown by more than 50% mainly due to:
- significant recruitment efforts in product development, marketing and services;
- investment in product innovation; and
- international expansion, notably through the acquisition of its Spanish and Portuguese distributors.