Pendragon Denies Sale of CFC Solutions
Fleet software giant CFC Solutions, has denied reports it has been put up for sale by parent firm Pendragon, the UK’s largest dealer group. When asked, CFC boss, Andy Leech, commented “There is no intention by Pendragon to sell CFC, we’ve just taken on another five developers to work on a joint project with Pinewood.”
Pinewood is a sister firm to CFC, developing and selling software for motor dealers. However, Leech added that although CFC is not up for sale now, CFC Solutions was for sale about six month ago.”Pendragon dipped a toe in the water and the business was valued at £15 million, with a couple of venture capital firms interested.”
A new force in fleet
Ross Durkin talks to Jason Francis, managing director of Jaama, about the company’s plans for growth within the areas of fleet management software and fleet risk management.
While the fleet industry is far from resistant to change, it is in many respects highly conservative in nature. The industry is to a large extent governed by external forces such as Government policy. EU regulations and available technology, with many new services coming about as a result of changes in legislation, rather than from a genuine desire to improve. The recent boom in the range of services offered to organisations seeking to stay on the right side of the law as far as “Duty of Care” legislation is concerned is a prime example. It is an area that is closely linked with the fleet management software sector as the amount of data required to be held by fleets increasingly supports the purchase of specialist fleet software, in preference to a reliance on homemade systems.
Technology investment needed LACK OF TECHNOLOGY investment has left the fleet industry a decade behind sectors such as banking and retail, according to software specialist Jaama. Managing director Jason Francis called fleet technology progress ‘painfully slow’. He said a desire to catch up was the catalyst for establishing Jaama, which also provides occupational road safety […]
Fleet technology delays are catalyst for new firm
Software and safety firm aims to be twice as good as Jaama is launched