Intellectual Technology Inc (ITI) has acquired Solutions Thru Software, a Medicine Hat, Alberta- and Henderson, Nevada-based provider of driver’s license knowledge testing software. No financial terms were disclosed. ITI said the deal expands its product offering and distribution capabilities for motor vehicle agencies and broadens its overall automated solutions offering. Based in Carlsbad, California, ITI was acquired by U.S. private equity firm Vicente Capital Partners in 2012.
PRESS RELEASE
Intellectual Technology, Inc. Acquires Solutions Thru Software (STS)
• Broadens ITI’s Software offering to Motor Vehicle Agencies from software used for Vehicle Registration transactions to add software used for Driver License Knowledge Testing.
• Expands ITI’s DMV Self-Service Kiosk capabilities to add Driver License Knowledge Testing.
Carlsbad, CA – WEBWIRE – Monday, January 22, 2018
Intellectual Technology, Inc. (ITI), a Vicente Capital portfolio company, announces it has acquired Solutions Thru Software (STS). STS is the leading provider of driver’s license knowledge testing software. The acquisition significantly expands ITI’s product offering and distribution capabilities for motor vehicle agencies into the driver’s license knowledge testing and road assessment testing markets and broadens its overall automated solutions offering.
“This acquisition is a great strategic fit for ITI. STS is the industry leader in driver knowledge testing software and has an excellent customer service reputation. Together, we can offer best in class vehicle registration, license plate and driver knowledge testing software with the capability to provide more innovative solutions to our motor vehicle agency customers. Also, STS will provide ITI expertise and knowledge on the driver knowledge testing side of the business,” said Craig Litchin, President of ITI. We are excited about the joint solutions we can now offer our customers.”
STS has been providing state of the art driver knowledge testing systems since 1998 and the company has gained a strong reputation for its significant knowledge of state and federal regulatory requirements and driver testing regulations. STS started with its first customer in the U.S. and now counts over twenty-five jurisdictions as customers, including four Canadian provinces and one territory. Traditionally, STS products have been focused on software for driver knowledge testing and road assessment testing and the company has expanded into scheduling software.
“We are very pleased to join Intellectual Technology. Twenty-three years ago, we started with a vision to provide reliable and feature-rich driver knowledge testing software to one customer and we are now the leader in our industry. Combining our strengths with ITI allows us to provide more resources and solutions for motor vehicle agencies both at their offices, at third-party locations and directly at home” said Jim Sodero, President of Solutions Thru Software.
About ITI
Intellectual Technology, Inc. (ITI) has over 25 years of experience in developing solutions for motor vehicle agencies. The Company is a leading provider of DMV software used throughout North America to increase the speed, visibility and security of motor vehicle transactions. ITI solutions provide motor vehicle agencies the ability to service customers however, wherever and whenever they want and has solutions with customers in 35 U.S. and Canadian jurisdictions.
ITI’s headquarters is in Carlsbad, California with offices in Fort Wayne, Indiana (USA), Las Vegas, Nevada (USA), and Medicine Hat, Alberta (Canada). ITI is a privately held company of Vicente Capital Partners based in Los Angeles, California (USA).
Contact Information
Von Swalley
VP of Sales
Intellectual Technology Inc.
vswalley@iti4dmv.com.
Photo courtesy of Solutions Thru Software Inc