Acquisition by Thoma Bravo combines two automotive data giants.
J.D. Power has announced a merger with Autodata Solutions, marking the completion of J.D. Power’s acquisition by Thoma Bravo, a private equity firm, and owner of Autodata Solutions.
The new company will operate under the name J.D. Power, offering data on new and used automobile transactional, valuation tools, vehicle feature information and consumer analytics.
“The combination of J.D. Power’s deep data, analytics and customer experience insights with Autodata Solutions’ comprehensive vehicle feature data and dealer and manufacturer technology platforms will create a robust and insightful automotive industry resource for analyzing consumer demand and optimizing the vehicle sales process,” said Dave Habiger, who will continue as President and CEO of J.D. Power. “As the auto industry continues to be disrupted by changing patterns of consumer behaviour and new technologies such as connected vehicles, electric vehicles, autonomous vehicles and ridesharing, we are building a company that will help the entire industry rise to the challenge.”