S&P Global Mobility has announced the acquisition of Market Scan Information Systems, Inc., a provider of automotive pricing and incentive intelligence, including Automotive Payments as a Service™ and its powerful payment calculation engine.
The amount of the deal was not disclosed.
The addition of Market Scan to S&P Global Mobility will enable the integration of detailed transaction intelligence in areas that are complementary to existing services for dealers, OEMs, lenders, and other market participants.
Led by Rusty West, president, and chief executive officer, who will remain with S&P Global Mobility to drive integration and product innovation, Market Scan is an Automotive Payments as a Service™ provider for the automotive industry. APaaS™ analytics and retailing solutions enable automotive dealers, lenders, manufacturers, technology companies, and marketing firms to improve profitability, gain market share and provide consumers with an improved shopping experience. APaaS™ powers modern retailing solutions online – and in more than 10,000 dealerships. For more information, visit www.marketscan.com.
S&P Global Mobility is a division of S&P Global (NYSE: SPGI), the world’s foremost provider of credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity and automotive markets.