PR88301

LONDON, March 1, 2021 /PRNewswire=KYODO JBN/ --

A new name, new ownership, new leadership and Keyloop's commitment to dynamic

innovation

Today, Francisco Partners (FP) completed its acquisition of CDK Global

International, a former division of CDK Global (NASDAQ: CDK) for $1.45 billion

(https://www.franciscopartners.com/news). The acquisition by FP, a leading

global investment firm that specializes in partnering with technology

businesses, represents its conviction that Keyloop is uniquely positioned to

help those involved in the automotive sector, both dealers and OEMs, respond to

major changes over the coming decade as they transform the automotive retail

experience.

Tom Kilroy is joining Keyloop immediately as the new CEO. Neil Packham, former

CEO of CDK Global International, will continue to support the business in an

advisory capacity as it moves forward. Tom Kilroy joins from FP, where he was

an Operating Partner. Prior to this, he held the position of Chief Operating

Officer of Finastra; a fintech company with over 10,000 employees and revenues

of ~$2 billion. He brings deep experience of best-practices from global

technology businesses providing mission-critical software.  

Keyloop intends to move swiftly and decisively to deliver on its mission of

transforming the car buying and ownership experience in partnership with

dealers and OEMs. The automotive retail experience is changing with the advent

of connected cars, new retailing models and greatly increased digital

engagement. Keyloop is poised to play a pivotal role in this evolution.

Tom Kilroy commented on today's announcements:

"Keyloop's strong performance, impressive history and brilliant people are the

key attributes that made it such an attractive company. FP acquired Keyloop not

only because it recognized the superior product portfolio it has today, but

also the potential for innovation in one of the world's most critically

important and rapidly evolving industries.

"We have all seen how technology players have set new standards for exceptional

digital retail experiences. Now automotive consumers are starting to demand the

same. As dealerships attract and serve the next generation of car buyers,

digital transformation must be top of their agenda, and Keyloop will be the

partner to help both them and the OEMs achieve this."

"We are launching our company as Keyloop with the goal of enhancing the

automotive customer experience for the better."

Click here [

https://drive.google.com/drive/folders/1G3ZBNO8WedDk7yUfte-2c8h7GwkMRJxe  ] for

access to Keyloop's virtual press room, where you will find a range of assets

to accompany this story (translated versions will be coming online throughout

the week) including current press releases, FAQs, media backgrounder and logos.

About Keyloop

Keyloop's mission is to create and connect technology that advances the car

buying and ownership experience in partnership with dealers and OEMs. It is a

leading global provider of software solutions to the auto retail industry,

serving approximately 16,000 dealer sites and most automotive manufacturers, in

over 90 countries. Headquartered in the UK, Keyloop also has operations across

EMEA and Asia. For more information, please visit www.keyloop.com.

About Francisco Partners

Francisco Partners is a leading global investment firm that specializes in

partnering with technology and technology-enabled businesses. Since its launch

over 20 years ago, Francisco Partners has invested in more than 300 technology

companies, making it one of the most active and longstanding investors in the

technology industry. With more than $25 billion in assets under management, the

firm invests in opportunities where its deep sectoral knowledge and operational

expertise can help companies realize their full potential. For more information

on Francisco Partners, please visit www.franciscopartners.com.

Profile of Tom Kilroy

Prior to joining FP, Tom was the Chief Operating Officer of Finastra, a fintech

software company with over 10,000 employees, more than 8,600 customers

(including 90 of the world's top 100 banks) and revenues of ~$2 billion. During

ten years with that company, Tom held various roles responsible for driving

growth and profitability. In 2017, he led the integration of Misys and D+H. In

2012, as Interim CEO, Tom led the take-private of Misys plc and was then a

central part of the team that transformed it under private ownership. Prior to

that, Tom spent eight years at GE Healthcare, a division of General Electric.

Logo - https://mma.prnewswire.com/media/1444817/Keyloop_Logo.jpg  

Source: Keyloop