ROADTODATA to Take its Automotive Data Platform Global With Major New Investor
LONDON, September 22 -- ROADTODATA (www.roadtodata.com), the automotive research company, today announced a major new investment that will enable ROADTODATA to develop fully global provision of data on vehicle sales, prices and specifications.
ROADTODATA's backers are QUELLEN AG Asset Management of Wollerau, Switzerland, who in addition to supplying funding will also provide expertise, having been the pioneers and owners of the former automotive data specialists Eurotax Group. As part of the portfolio QUELLEN AG is also involved in web services for the automotive industry, where it operates the www.car4you.com platform in more than five countries.
John Grant, CEO of ROADTODATA, said: "This new investment secures our future business plans and country expansion and ensures ROADTODATA's future in the automotive data arena.
"Together with QUELLEN AG, ROADTODATA will now progress rapidly towards its goal of being the best in the market for high quality data and strong customer relationships."
Helmuth Lederer, Partner, of QUELLEN AG added: "We believe that ROADTODATA's state-of-the-art technology for collecting and distributing automotive market data, along with its innovative research processes, are ideally positioned to serve existing and future needs in the global automotive industry."
Notes
ROADTODATA (www.roadtodata.com) provides real time market data and intelligence to the automotive industry and its customers, including manufacturers, suppliers and leasing companies. The company was founded in 2004 and currently employs 60 people in nine countries.
QUELLEN AG Asset Management are a QUELLEN AG, a Swiss based asset management company, specialising in automotive investments.