CitNOW

CitNOW

Background to the business

CitNOW is a specialist provider of video applications that create a more transparent, easier car buying and owning experience for automotive dealership customers. Its applications improve performance of automotive dealerships by allowing staff to send personalised, branded video presentations of vehicles for sale. In addition, workshop technicians use CitNOW’s Workshop app to send videos to customers to evidence parts that need replacing when cars are brought in for service.
 
CitNOW has pioneered video in the automotive industry and grown rapidly to become a global market leader. CitNOW currently works with 43 car manufacturers around the world, with over 8,000 installations in franchised car dealerships across 45 countries.

 

Investment highlights

Tenzing has backed the senior management team, led by CEO Alistair Horsburgh and Exec-Chair Geoffrey Page-Morris. The Tenzing team and its Entrepreneurs Panel will support the company to further accelerate sales growth and develop new products, with specific input from Entrepreneurs Panel member Bill Collis, who is President at Foundry, the global visual effects software company.

Value

N/D

Status

Live

Company Website

www.citnow.co.uk

Date of investment

March 2018

Investment

MBO

Sector

Technology, Media & Telecommunications

Location

Wokingham, UK

KPIs

A global market leader with revenue growing in excess of 40%

Date

March 2, 2018

Category

App development, Live, MBO, Video software solutions