Automatic Labs Acquired By SiriuxXM
San Francisco-based Automatic Labs, the maker of a device which plugs into any modern car and provides monitoring of a car's mileage, performance, and more, has been acquired by SiriusXM. Financial details of the buy were not announced. Automatic's devices plugged into the ODB-II port--now standard on modern cars--and helped provide feedback to drivers on their vehicle's performance, help in a crash, monitoring of fuel, providing live vehicle location tracking, and more. Automatic was led by Gary Clayton. Automatic said it was advised by Financial Technology Partners (FT Partners) in the deal.
posted on Friday, April 28, 2017
Related companies:
Automatic Data Processing (ADP)
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