Ackroo Inc. , a loyalty marketing, payments and point-of-sale technology and services provider, is pleased to announce that it has completed the acquisition of InterActive DMS (“IDMS”) through its’ wholly-owned subsidiary Ackroo Canada Inc.
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IDMS provides cloud-based and on-premise dealer management software and web solutions to independent car, motorcycle and boat dealers across the United States. Under the terms of the acquisition, Ackroo acquired all customer contracts and related IP adding over 150 clients to their AckrooPOS business. In consideration for the acquisition, the Company has paid $600,000 on closing and will make a final $300,000 payment less pre-paid adjustments on or before August 31, 2021.