Articles from Tekion
Ken Garff Auto Group Selects Tekion to Create the Best Customer Experiences
Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, today announced a new partnership with Ken Garff, a privately owned automotive group with over 70 stores representing 27 brands across the United States.
By Tekion · Via Business Wire · January 14, 2025
Tekion Files Lawsuit Against CDK Global's Anticompetitive Practices
Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, today filed a federal antitrust lawsuit against CDK Global, Inc. (“CDK”) accusing CDK of engaging in a systematic scheme to thwart competition in the franchise dealer management system (DMS) market.
By Tekion · Via Business Wire · December 10, 2024
Tekion Honored by Goldman Sachs for Third Consecutive Year
Today, Goldman Sachs (NYSEGS) is recognizing Jay Vijayan, Founder and CEO of Tekion, as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit in Healdsburg, California. This is the third consecutive year Jay is receiving this honor.
By Tekion · Via Business Wire · October 16, 2024
Automotive Software Platform Tekion Secures $200 Million in Growth Capital from Dragoneer Investment Group
Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, today announced that it has secured $200 million in growth equity capital from Dragoneer Investment Group. This financing round sets Tekion’s valuation above $4 billion. Tekion plans to invest the capital to expand its product offering for dealer partners and OEMs, accelerate implementation timelines, and deliver world-class customer support as it continues to redefine automotive retail for dealers and consumers in a rapidly digitizing ecosystem.
By Tekion · Via Business Wire · July 16, 2024
Tekion Appoints Binu Mathew as Chief Technology Officer
Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, today announced Binu Mathew as the company’s Chief Technology Officer (CTO).
By Tekion · Via Business Wire · June 6, 2024
Tekion Selected by Asbury Automotive Group to Elevate Guest Experiences
Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, today announced a new engagement with Asbury Automotive Group, a Fortune 500 company and one of the largest franchised automotive retailers in the United States.
By Tekion · Via Business Wire · January 9, 2024
Tekion Appoints New Chief Financial Officer and Chief Revenue Officer
Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, today announced the expansion of its executive leadership team with the appointment of two accomplished leaders with deep experience and expertise in the enterprise software industry.
By Tekion · Via Business Wire · January 2, 2024
Tekion and Service Payment Plan Join Forces to Provide Interest-Free Payment Plans When Purchasing F&I Products, Enhancing Savings and Elevating Customer Satisfaction
Tekion, innovator of the first cloud-native platform serving the entire automotive ecosystem, today announced their partnership with Service Payment Plan, Inc. (SPP), the auto industry’s leading provider of 0% payment plans for vehicle service contracts and protection products.
By Tekion · Via Business Wire · November 16, 2023
Tekion Unveils Enhanced AI Engine, Tekion AI, with Generative AI Capabilities in its Automotive Retail Cloud Platform
Tekion, transforming the automotive retail ecosystem and delivering modern customer experiences through its AI powered business applications, today announced the addition of the Generative AI model to its AI Engine, Tekion AI, which brings together Machine Learning (ML), Natural Language Processing (NLP), Computer Vision (CV), and Generative AI (GPT). The first GPT feature, Smart Communication, is already being used by dealers to accelerate productivity and build stronger relationships with prospective customers.
By Tekion · Via Business Wire · September 13, 2023
Tekion Is Named to the 2023 Forbes Cloud 100
Tekion, innovator of the first cloud-native platform serving the entire automotive ecosystem, has been named to the Forbes 2023 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.
By Tekion · Via Business Wire · August 8, 2023
Tekion Acquires Five64, Interstate and State Vehicle Registration Solutions Provider
Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, today announced its newest acquisition of interstate and state vehicle registration solution provider, Five64. This acquisition will help dealers, OEMs and industry channel partners accurately calculate tax, title & license to sell cars in-state and out of state and provide related services.
By Tekion · Via Business Wire · July 26, 2023
Tekion’s Automotive Retail Cloud Now a Strategic DMS Partner With Hyundai Auto Canada
Tekion, innovator of the Automotive Retail Cloud® (ARC), the first and fastest cloud-native automotive retail SaaS platform, today announced its newest partnership with original equipment manufacturer (OEM) Hyundai Auto Canada.
By Tekion · Via Business Wire · May 31, 2023
Tekion Expands its Leadership Team as Part of Scaling its Business and Addressing the Growing Demand for its Platform
Tekion, innovator of Automotive Retail Cloud® (ARC), the first and fastest cloud-native automotive retail SaaS platform, today announced the expansion of its executive leadership team with the appointment of three strong leaders with deep experience and expertise spanning across the software, consumer and automotive industries to meet the demand for Tekion’s platform offerings and its growing business:
By Tekion · Via Business Wire · April 6, 2023
Tekion Hires a New Leader for Customer Support and Makes Big Investments Showcasing Its Commitment to Dealer Success
Tekion, innovator of Automotive Retail Cloud® (ARC), the first and fastest cloud-native automotive retail SaaS platform, today announced their ongoing commitment to dealer success with the hiring of new Vice President of Global Support, Mike Runda, as well as investing more in strategic initiatives to further enhance all levels of customer support and success. Runda brings a strong proven history of leading successful global support organizations at companies such as Avaya, Oracle, Intuit, Symantec and most recently, ServiceNow. With his significant experience in scaling high-performing teams, Runda will infuse new insights to ensure dealers receive the highest value from the ARC platform and their partnership with Tekion.
By Tekion · Via Business Wire · March 16, 2023
Tekion and Polly Partner to Enhance Consumer Car Buying Experience
Tekion, innovator of Automotive Retail Cloud (ARC), the first and fastest cloud-native automotive retail SaaS platform, today announced a partnership with Polly, the leading insurance marketplace for automotive retail.
By Tekion · Via Business Wire · January 17, 2023
Tekion Honored by Goldman Sachs for Entrepreneurship
Goldman Sachs (NYSEGS) is recognizing Tekion Founder and CEO, Jay Vijayan, as one of the Most Exceptional Entrepreneurs of 2022 at its Builders and Innovators Summit in Healdsburg, California.
By Tekion · Via Business Wire · October 12, 2022
Tekion Expands Cloud Hosting Options with Microsoft Azure
Tekion, innovator of the first and fastest cloud-native automotive retail SaaS platform, today announced a collaboration with Microsoft to enable new capabilities for automotive manufacturers using Microsoft Azure.
By Tekion · Via Business Wire · January 4, 2022
Automotive Industry and Investor Confidence Boosts Tekion Value to $3.5 Billion
Tekion, innovator of the Automotive Retail Cloud™ (ARC), the first and fastest end-to-end cloud-native automotive SaaS platform, today announced a Series D financing round of $250 million, driving Tekion’s valuation to $3.5 billion.
By Tekion · Via Business Wire · October 5, 2021
Tekion Approved by Toyota Motor North America, Inc. in Its Toyota DMS Integration Program
Tekion, a transformative cloud-native platform company currently focused on the automotive retail industry, today announced its newest integration with original equipment manufacturer (OEM) Toyota Motor North America, Inc. (TMNA).
By Tekion · Via Business Wire · September 9, 2021