July 24, 2024


General Evolution

Valsoft Company Acquires Navotar to Improve Car Rental Leadership

MONTREAL, Jan. 25, 2021 /PRNewswire/ – Valsoft Company Inc. (“Valsoft”), a Montreal-dependent firm specialized in the acquisition and progress of vertical current market software firms, is delighted to announce the acquisition of Navotar, a cloud-dependent vehicle rental application service provider, with solutions built to automate fleet management.

Launched in Mississauga, Ontario by Sanker Shivanathan, Navotar has immediately emerged as a major car rental software package vendor in the sector many thanks to their slicing edge, cloud-dependent solutions serving vehicle rental businesses globally that contains autos, boats, RVs, scooters, and additional. Heading ahead, the Navotar model will keep on underneath Valsoft where the staff will actively take a look at new alternatives for more growth throughout all car or truck rental segments.

The acquisition of Navotar is Valsoft’s 3rd complimentary financial investment to their vehicle rental portfolio. In 2018, Valsoft obtained Bluebird Auto Rental Units and Thermeon Throughout the world Ltd, two set up leaders in the vehicle rental marketplace serving around 2000 faithful customers spanning 50 countries. Valsoft’s car or truck rental portfolio is operated by Aspire Application, which Sanker and the full Navotar management staff will be part of to proceed furnishing Navotar clients with stellar company and revolutionary alternatives.

“Navotar has gained excellent recognition in the car rental house for furnishing buyer-centric options and entire world-course customer assistance,” explained Sanker Shivanathan, founder of Navotar. “Being section of the Valsoft automobile rental relatives will speed up Navotar’s market proposition to additional profit shoppers, companions, and staff. I’d like to thank Valsoft and Aspire Software package for a easy acquisition approach and search ahead to bringing Navotar to new heights.”

“We are thrilled to welcome the Navotar crew, shoppers and associates to the Aspire Program family. The staff and tradition are well aligned with our values, which has also created this transaction seamless. We could not be prouder to have Navotar join our vehicle rental portfolio” reported Michael Assi, CEO of Aspire Computer software. “This strategic acquisition is absolutely in line with Aspire Software’s vision to be the worldwide market place chief and reaffirms our sturdy commitment to proceed investing considerably in the automobile rental marketplace to generate innovation and electronic transformation.”

Valsoft Company was represented internally by David Felicissimo, Common Counsel and Pamela Romero, Paralegal. Navotar was represented by Esther Berglas of the Regulation workplaces of Norman H. Wintertime

About Valsoft Corporation

Valsoft Company acquires and develops vertical current market software program corporations as a result of which every single business can deliver the best mission-critical solutions for shoppers in their respective market or niche. A critical tenet of Valsoft’s philosophy is to spend in nicely-set up businesses and foster an entrepreneurial surroundings that styles a business into a leader in its respective sector. Compared with non-public equity and VC firms, Valsoft does not have a predefined investment horizon and appears to be like to acquire, hold, and build price through prolonged-time period partnerships with existing management and clients.

About Aspire Software program

Invest in. Improve. Expand. Aspire Program, an operating team of Valsoft Corp, is a vertical acquisition computer software organization that owns, operates and manages a portfolio of businesses in many fields, such as hospitality, meals & beverage, vehicle rental software program, transportation & logistics and far more. Aspire constantly seeks possibilities in several verticals. Aspire’s workforce of business people and enterprise builders have an unwavering commitment to producing our brand names and growing into new marketplaces. It is all made doable thanks to its decentralized administration strategy and indefinite maintain interval.

About Navotar

Founded in 2009 as a venture-primarily based organization, Navotar has held a potent presence in the fleet management computer software industry for above a ten years. Navotar uses the most current tech developments to eliminate popular difficulties in the auto rental company. Utilizing advanced technological know-how, innovation, and perseverance, they have shipped field major car or truck rental management computer software to enterprise owners all-around the entire world.

For extra data on the corporations, you should visit: https://navotar.com/ and https://www.aspiresoftware.com/.

Perspective original content material: http://www.prnewswire.com/news-releases/valsoft-corporation-acquires-navotar-to-strengthen-motor vehicle-rental-management-301213431.html

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