Spireon announced the acquisition of privately held Inilex, a provider of next-generation GPS car dealer services. Inilex’s main product, Skylink, enables new car dealers to significantly increase their finance and insurance (“F&I”) revenue with high-value GPS-based add-on services.
As the automotive industry transforms in the Connected Car era, this acquisition enables Spireon to uniquely connect all major segments of the vehicle life cycle, ranging from new car dealers to used car dealers, fleets, lenders, insurance companies, and rental car fleets. The acquisition expands Spireon’s strategy to offer rich services and business intelligence across any kind of vehicle.
Skylink leapfrogs traditional theft recovery services by replacing legacy radio sets that have limited coverage with next-generation GPS services that can be tracked with any internet connected device. Instead of relying on proprietary technology that only works with a small number of police vehicles, Skylink offers ubiquitous coverage using national cellular networks.
With the combination of Skylink’s dedicated 24/7 call recovery center that works directly with local law enforcement and cloud-based phone applications, vehicles are recovered within minutes instead of waiting days for a dedicated police car to search manually for a radio signal. Skylink also provides value to the dealer through lot management functionality and by enabling the dealer to sell add-on consumer applications.