Workauto is a new Software-as-a-Service (SaaS) platform designed to optimise workflows for automotive businesses. Built in collaboration with UK-based automotive company Torque GT, it is designed to streamline operations, increase efficiency, and enhance customer experience.
Financial analysts have responded positively to the news of Bridgestone’s investment in Halfords Group’s Avayler Software-as-a-Service (SaaS). Their analysis also reveals further details of the current scale and future plans associated with the Avayler business.
Bridgestone has invested US$3 million dollars in buying a 5 per cent stake in Halfords Group Plc’s Avayler Software as a service (SaaS) business. The investment therefore values the two-year-old Avayler business at $60 million. Under the associated commercial agreement, which has an initial term of 15 years notwithstanding certain break clauses, Avayler will provide Bridgestone with access to Avayler’s in-garage and van software products as well as certain services to facilitate Bridgestone’s use of it. These include services relating to maintenance, development, implementation and support. The commercial agreement provides for the roll-out of Avayler’s products across Bridgestone’s retail and van operation in the USA.
Halfords Group reports that its Avayler software is not only driving the group’s internal financial performance, but is also expanding into Europe as a product in its own right. Specifically, Halfords reports that Avayler has signed a contract to supply its services to well-known German autocentre chain ATU, which is part of the Mobivia group. According to Halfords, the roll-out is set to start in Germany through ATU’s mobile fleet.
The Goodyear Tire & Rubber Company has entered into a strategic relationship with UFODrive, and going forwards will work together with the all-digital, all-electric car rental company to integrate their complementary mobility solutions. The two firms intend to pair Goodyear’s intelligent tyre monitoring system and proactive solutions suite with UFODrive’s eMobility software as a service platform.
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