TBC sells RO Writer unit to Canadian software services company
PALM BEACH GARDENS, Florida – TBC Corp. sold its RO Writer automotive repair shop management software business to Constellation Software Inc., a Toronto-based provider of software and services to various public and private sector markets.
TBC said Constellation Software was selected for this transaction because of its “proven track record and commitment to helping software companies realize their potential.”
Financial terms were not disclosed. TBC has stated that RO Writer has a long history of servicing independent and franchised auto repair shops and has called it “one of the market leaders” in the industry.
“We are confident that Constellation is the right organization to take the RO Writer platform to the next level for its large customer base of Midas franchisees as well as for its fellow leaders in the automotive aftermarket industry,” said Erik Olsen, President and CEO of TBC.
TBC will renew its focus on its core areas of operation – wholesale stores, franchise stores and company-owned retail stores.
Adam Zimmer, Perseus Group Executive at Constellation Software, said the acquisition of RO Writer “represents a platform investment for the Perseus Group in the automotive repair shop software industry.
“We look forward to advancing product development to meet the needs of thousands of retail and Midas customers. ”
This is Constellation Software’s first foray into the automotive aftermarket.
Constellation Software will continue to support and enhance the RO Writer family of products for retail customers and Midas franchises, TBC said. It will continue to have its headquarters in Palm Beach Gardens.
The RO Editor The software product dates back to 1989, when the product developer, Progressive Automotive, released a DOS-based version. A Windows version followed in 1996.
Midas International acquired the company in 2001, and to be confirmed acquired Midas in 2012.