ARI announces acquisition of TCS

Special to The Freeman

Oct. 1, 2014

MILWAUKEE – ARI Network Services, Inc. (NASDAQ: ARIS) announced that it has acquired TCS Technologies, a leading provider of software and websites, and digital marketing services – all of which are designed exclusively for dealers, wholesalers, retreaters and manufacturers within the automotive tire and wheel vertical.

Terms of the transaction were not disclosed.

“We believe the combined entity will accelerate our growth and leadership position in this market for the foreseeable future,” said Roy W. Olivier, President and CEO of ARI.

TCS will maintain normal operations out of its headquarters located in Cookeville, Tenn., under the continued leadership of Barry D. Reese, who will assume the role of VP and GM of TCS technologies, an ARI company.

“At TCS, we pride ourselves on our industry-wide reputation for providing efficient and effective technology solutions,” said Reese. “Together with ARI, we will innovate faster to create comprehensive solutions at a pace that is unmatched by our competition.”