S&P Global Mobility Enhances Data and Product Offerings with Acquisition of Market Scan

David Beckam

S&P Global Mobility Enhances Data and Product Offerings with Acquisition of Market Scan

Addition of Market Scan’s data and payment calculations
strengthens S&P Global Mobility’s Sales Optimization tools,
positioning S&P Global Mobility to accelerate in new growth
markets

S&P Global Mobility has announced the acquisition of Market
Scan Information Systems, Inc., a leading provider of automotive
pricing and incentive intelligence, including Automotive Payments
as a Service and its powerful payment calculation engine.

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.

“We are excited to add Market Scan to the S&P Global
Mobility product family. The acquisition adds powerful new datasets
and capabilities to S&P Global Mobility that will allow us to
create even more value for our clients and power a next generation
of digital automotive retail opportunities,” said Joe LaFeir,
president of Automotive Insights at S&P Global Mobility. “As
the digital landscape continues to evolve in support of more robust
information informing the vehicle purchase process, the integration
of Market Scan products and solutions into the S&P Global
Mobility and automotiveMastermind portfolios will provide
additional value for joint customers today and new clients into the
future as new solutions are built.”

“Mastermind is thrilled about the potential to use Market Scan’s
offerings to improve our prediction pricing accuracy and marketing
engagement for our dealer partners,” said Matt Leone, chief
executive officer at automotiveMastermind.

“When my father and I started Market Scan, we never thought
capturing the attention of industry-leading giants was a
possibility – we were simply focused on selling desking software to
car dealers. Now, over three decades later, we have been acquired
by one of the greatest and most respected companies in the world,”
said Rusty West, president, and chief executive officer of Market
Scan, who will remain with S&P Global Mobility to drive
successful integration and product innovation. “I am very excited
that Market Scan has joined the S&P Global family. Our values
and visions are perfectly aligned, positioning us to collectively
evolve automotive commerce in ways never before imagined. I’m
extremely proud of our Market Scan family members for all they have
accomplished. Their talent, dedication, and vision have been and
will continue to be, an important element in creating solutions for
some of the most difficult problems in the industry.”

Financial terms of the deal were not disclosed. KPMG Corporate
Finance, RL Frey, Inc. and MW Juron Automotive provided external
consultancy to Market Scan for the sale.

About S&P Global Mobility
At S&P Global Mobility, we provide invaluable insights derived
from unmatched automotive data, enabling our customers to
anticipate change and make decisions with conviction. Our expertise
helps them to optimize their businesses, reach the right consumers,
and shape the future of mobility. We open the door to automotive
innovation, revealing the buying patterns of today and helping
customers plan for the emerging technologies of tomorrow.

S&P Global Mobility is a division of S&P Global (NYSE:
SPGI). S&P Global is the world’s foremost provider of credit
ratings, benchmarks, analytics, and workflow solutions in the
global capital, commodity and automotive markets. With every one of
our offerings, we help many of the world’s leading organizations
navigate the economic landscape so they can plan for tomorrow,
today. For more information, visit https://www.spglobal.com/mobility/

About Market Scan
Market Scan® is the leading Automotive Payments as a Service
provider for the automotive industry. APaaS is the choice of
industry leaders and retail powerhouses to generate Scientifically
Perfect Payment Solutions for any conceivable automotive
transaction. APaaS powers modern retailing solutions online – and
in more than 10,000 dealerships. 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 a vastly improved
shopping experience. For more information, visit https://www.marketscan.com/.

Forward-Looking Statements: This press
release contains “forward-looking statements,” as defined in the
Private Securities Litigation Reform Act of 1995. These statements,
including statements about S&P Global Inc. (the “Company”), its
operating segments and the acquired company, which express
management’s current views concerning future events, trends,
contingencies or results, appear at various places in this press
release and use words like “anticipate,” “assume,” “believe,”
“continue,” “estimate,” “expect,” “forecast,” “future,” “intend,”
“plan,” “potential,” “predict,” “project,” “strategy,” “target” and
similar terms, and future or conditional tense verbs like “could,”
“may,” “might,” “should,” “will” and “would.” For example,
management may use forward-looking statements when addressing
topics such as: the outcome of contingencies; future actions by
regulators; changes in the Company’s business strategies and
methods of generating revenue; the development and performance of
the Company’s services and products; the expected impact of
acquisitions and dispositions; the Company’s effective tax rates;
and the Company’s cost structure, dividend policy, cash flows or
liquidity.

Forward-looking statements are subject to inherent risks and
uncertainties. The Company and its subsidiaries operate in a
dynamic business environment in which new risks emerge frequently.
Accordingly, the Company cautions readers not to place undue
reliance on any forward-looking statements, which speak only as of
the dates on which they are made. The Company undertakes no
obligation to update or revise any forward-looking statement to
reflect events or circumstances arising after the date on which it
is made, except as required by applicable law. More detailed
information about factors that may affect our performance may be
found in our filings with the Securities and Exchange Commission,
including our most recent Annual Report on Form 10-K, which can be
obtained at its website at https://www.sec.gov/. We undertake
no obligation to publicly update any forward-looking statements,
whether as a result of new information, future events or
otherwise.



This article was published by S&P Global Mobility and not by S&P Global Ratings, which is a separately managed division of S&P Global.

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