Xtime Raises $3m in Series F Funding

Xtime, Inc., a Redwood Shores, California-based software as a service provider of web scheduling and CRM solutions for automotive service departments, has closed a Series F funding.

The round was led by Keating Capital, Inc., which invested $3m.

Founded in 1999, Xtime products include online, Smartphone, dealership and call center scheduling, online bill pay, electronic inspections, electronic service menus, service marketing, greeter board, advanced shop control, management reporting and certified dealer management system integration.
Since the launch of its ServiceCRM™ platform, which automates and integrates all Xtime products into a unified solution for fixed operations (consisting of service, parts, and body shop), the company has enrolled over 3,000 dealerships

Customers include Lexus, Mercedes-Benz, Infiniti, Volkswagen, Toyota Canada, Hyundai, Chrysler, Nissan, Audi, BMW and Toyota U.S. Industry’s leading dealership groups including AutoNation, Inc. (NYSE: AN), Group 1 Automotive (NYSE: GPI) and Sonic Automotive (NYSE: SAH), also have contracts with Xtime:

FinSMEs

16/06/2011